Embodiments of the present invention relate to field of communications technologies, and provide a mobility management method that can effectively ensure normal communication between user equipment and a base station without using an anchor device, and ensure service continuity between the user equipment and a communication peer. A specific solution is as follows: User equipment establishes a first substream with a communication peer; when the user equipment moves from a first base station to a second base station, and a second gateway and a first gateway are not the same gateway, the user equipment obtains a second IP address; after obtaining the second IP address, the user equipment establishes a second substream with the communication peer; after the second substream is established, the communication peer removes the first substream; and after the first substream is removed, the first gateway releases a network resource occupied for transmitting the first substream.