IoT came to the turning point of maturity Chen Jie believes that the current IoT has gone through the fantasy burst period, came to the turning point of maturity, in the technology, market and application of the development direction are very clear stage. The second half of this year, rich IoT applications will continue to emerge next year, the business model will be mature. With the commercial deployment of network technologies such as Pre5G and 5G, and the constant upgrade of chips, IoT will truly take off and everything will become a reality, completely changing our lives. She pointed out that IoT tens of billions or even hundreds of billions of potential connections, is a rare strategic opportunity for operators. "However, we also want to see the IoT market characterized by diversity, sophistication, expertise, long-tailed markets and ecosystems." So in the short term, IoT will not be the mainstream revenue for operators. "But we have reason to believe that IoT will continue to contribute revenue to operators while helping operators to make the transition." This is similar to Amazon's cloud service, which grew for 10 years before Amazon fostered it as a standalone business and now Amazon A large part of the valuation on the market comes from the size of revenue and high margins of its cloud services business. Commenting on ZTE's position on IoT business, Chen Jie said IoT is a strategic business of ZTE and runs through three major markets: operators, government, enterprises and consumers. IoT is an important component of ZTE's M-ICT strategy. ZTE is committed to becoming an ICT enabler in the IoT industry. Together with its partners in four major areas: smart city, smart home, industrial internet and car networking, ZTE Corporation Overall solution. At present, the IoT solution of ZTE has "gone" in both domestic and overseas markets and is highly appreciated by customers. ZTE attaches great importance to the development of IoT business. Chen Jie said that the company has set up the IoT Strategy Committee led by the president to coordinate and coordinate the advantageous resources of the company and promote the better operation of various links in the ecological chain including chip, network and big data processing. Chen Jie stressed that the future based on the number of connections will be explosive growth, which operators and equipment manufacturers, are a rare opportunity. For the entire industry, the key is how to establish a good industrial ecology so that all parties can benefit from it. Only in this way can the sustainable and healthy development of the entire industry be sustained.