Xiaomi reportedly working on its own smartwatch

It looks like Xiaomi is planning to take on Apple in a new product category. According to a report from Chinese technology news website 36Krypton, the startup - which is also known as China's Apple - is working on its first smartwatch.

As per the report, the Xiaomi smartwatch will sport a round dial and feature a brushed metal design. It is also said to offer pulse wave velocity identification, which is a measure of arterial stiffness, or the rate at which pressure waves move down the vessel.

Although details are scarce, given that it's a Xiaomi product, it is expected to have an affordable price-tag. Aside from the smartwatch, the Chinese company is also working on a successor to the Mi Band, the report notes.