While Xiaomi is suffering from gloomy market predictions due to decline in their core business of smartphones, the Chinese electronics company is now receiving a boost from its wearable product line.

Shipping 5.2 million smart wearable gadgets in Q4 2016, Xiaomi was ranked the second largest wearable maker in the world with a market share of 15.2 percent, according to research firm IDC. Fitbit shipped 6.5 million units in the same period, holding the top position with 19.2 percent market share.

However, the dominant Fitbit, which also topped the annual shipment list, may soon be overtaken by Xiaomi, which shows a strong growth trajectory. The year-on-year growth of Xiaomi stood at 96.2 percent as compared to a 22.7 percent drop for Fitbit.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.