Disclosed is a method for managing data of a terminal peripheral, the method includes: a Machine to Machine/Man (M2M) gateway collects, stores, processes and forwards data of the terminal peripheral and/or a group of terminal peripherals according to a strategy; wherein the strategy is issued by an M2M application or an M2M service platform or is configured locally at the M2M gateway; the strategy includes at least a data collection strategy, a data storage strategy, a data processing strategy and a data forward strategy. Further disclosed is an M2M gateway for managing data of a terminal peripheral, configured to collect, store, process and forward data of the terminal peripheral and/or a group of terminal peripherals according to a strategy. By means of embodiments of the disclosure, managerial functions of the M2M gateway are perfected, thereby performing efficient management of data of the terminal peripheral.