In the new business market, China Mobile’s number of smart IoT connections increased by 126 million in 2017, reaching a scale of 229 million. Revenue from the "He Video" business increased by 67.2%, and the transaction volume of the mobile payment business "He Bao" exceeded 2.1 trillion yuan.

China Mobile Chairman Mr. Shang Bing stated in the financial report that in 2018, China Mobile will continue to actively promote the "big connection" strategy, adhere to innovation-driven development, and focus on "four-wheel drive" integrated development. Work hard to deepen implementation.

In 2018, China Mobile’s estimated capital expenditure is 166.1 billion yuan, a 6.4% decrease from 2017, which will be used to improve 4G network quality and VoLTE (high-definition voice) services, build all-optical broadband networks, and NB-IoT Continuously cover counties, cities and urban areas across the country and promote the evolution and upgrading of NFV/SDN networks, and carry out 5G large-scale trials and application demonstrations.

Among them, 58.5 billion yuan will continue to be invested in 4G networks, while home broadband access will decrease from 18.4 billion yuan last year to 7.4 billion yuan.