Huawei is a branch of Xiaomi that produces its wearable devices and body fat scales. Earlier this year, Huami got officially listed on the New York Stock Exchange of the United States for the first time. While Xiaomi’s CEO, Lei Jun, saw the listing as a great victory for Xiaomi, the founder, and CEO of Huami Technology, Huang Wang stated that the achievement will help the team to develop more products.
On March 29, Huami Technology held its first post-listing media conference where Huang Wang stated that the company is looking forward to some foreign mergers and acquisitions in the future. In addition, he also said that the expected Xiaomi Mi Band 3 is definitely coming this year. The Xiaomi Mi Band 3 has passed Bluetooth certification and it supports Bluetooth 4.2. It is also believed that the new generation of Xiaomi bracelets should be equipped with an OLED display which can display information such as time, heart rate, number of steps, and calories.
Huami technology is doing quite well in the wearable market and Xiaomi is its second-largest shareholder. The company is taking advantage of Xiaomi’s platform and resources for global expansion. According to IDC’s global wearable market data report for the first quarter of 2017, Xiaomi bracelets ranked first in the world’s global market share and created a new record for smart wearable devices in China.
