Xiaomi to launch smartwatch later this year

Xiaomi is already expected to unveil the Mi Max smartphone alongside the new MIUI 8 ROM and new Mi Band 2

Chinese electronics company Xiaomi has announced plans to unveil a smartwatch in the second half of 2016.

Xiaomi's Co-Founder and Vice President, De Liu, further said the company looks to expand offline outlets in 2016.

Xiaomi is already expected to unveil the Mi Max smartphone alongside the new MIUI 8 ROM and new Mi Band 2. Xiaomi is the world's fifth largest smartphone maker as in 2015 Xiaomi sold 70.8 million units and was countable for almost five percent of the smartphone global market share. Xiaomi designs, develops, and sells smartphones, mobile apps, and related consumer electronics.