Xiaomi has been rumored to launch a smartwatch for some time now, and it finally looks like the vendor will unveil its first offering in this space sometime later this year. Co-founder and vice-president Liu De confirmed the existence of the smartwatch, stating that it will be officially announced in the latter half of 2016.


That doesn't say much other than suggest a launch sometime after the month of June, but this is the first time the company has acknowledged that it is working on a smartwatch. According to GizmoChina, Xiaomi will also launch electric bikes and showcase new products from Ninebot, one of the several lifestyle companies the Chinese vendor has invested in.

While there's no further information regarding the smartwatch, Xiaomi is all set to launch the successor to the Mi Band in an event in China on May 10. The Mi Band 2 will offer a display as well as a physical button, and is expected to be aimed at the entry-level segment, much like its predecessor.