Codoon, a Chinese wearables maker supported by Baidu Cloud, unveiled the new generation of its wristband today. Updates include bluetooth 4.0 support for iOS (Android support will be added later) and a LED display. The price is RMB399 ($65).

It introduced a virtual currency system, by partnering with Taikang Life Insurance, that rewards active users with virtual currency or physical items.

Apart from the wristband, Codoon’s product line include a couple more gadgets. Codoon claims the mobile app, which was launched long before the the wristband and other gadgets, has had 10 million users in 54 countries and regions.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com