At 2018 TechCrunch Shenzhen 2018, Huami Corporation’s Chairman and CEO Wang Huang, spoke on the future of wearable devices. Huami, a Xiaomi eco-chain company, listed on the New York Stock Exchange in February this year. As of last year, Huami shipped 18.1 million units of smart wearable devices globally, and had recorded a total register use base of 56.1 million.

Wang Huang told participants that Huami has produced smart bands since 2014. The third generation Mi Band 3 is equipped with Near Field Communication (NFC) technology that can be used on bus and subway networks in over 160 cities across China, and can also open smart locks.

“Wearable devices have rapidly entered the ecosystem, most significantly in healthcare,” he said. “I believe that one day smart watches will take the place of smartphones.”

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Heather Mowbray

Heather Mowbray translates economics and social interest stories from her loft in the Beijing hutongs, where she's lived for a decade. She is training to be an interpreter so she can finally interact with...