Partners to tap latest IOT tech
Print Edition
CHINA Mobile is partnering Ericsson Inc and Mobike to adopt the latest Internet of Things technology to better locate and track sharing bikes.
The new narrow-band IOT technology can be used in parking lots, industrial plants, rural regions and other places without a mobile network coverage, said Sweden’s Ericsson, which also said it would set up a new IOT research center in Shanghai.
The new technology can help Mobike users to easily locate and find bikes. It also helps Mobike, a bicycle-sharing startup, to find lost bikes faster. It can also help China Mobile to improve its network coverage ability by 5-7 times, the firms said.
China’s IOT market is forecast to grow an average 13.3 percent a year to US$361 billion by 2020.
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