This July Xiaomi launched a connected wristband, which was manufactured by Huami Technology (our translation). Being sold on Xiaomi’s online store and their official store on Alibaba’s Tmall, the wristband achieved a million shipments four months after launch, and claims it has the largest market share in its category.

Its functions and features are similar to most activity and sleep tracking wearables but it retails at a fraction of the average market price. The one major difference between it and others on the market is that users can use it to access their Xiaomi user accounts, used for accessing internet content or services across Xiaomi devices. (Though the Xiaomi account system is based on Android, Huami has also developed an iOS version.)

Founded in 2013, Huami received funding from Xiaomi and Shunwei, the venture capital fund co-founded by Xiaomi CEO, before the wristband was launched, and yesterday announced US$35 million in Series B funding, led by Banyan Capital, along with Sequoia China, Morningside Ventures and Shunwei.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Tracey Xiang

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