Is this the Xiaomi smartwatch we've been waiting for? Not exactly. The Hey S3 by Weloop is a sporty smartwatch launching on Xiaomi's Mi Home crowdfunding platform. It's on sale in China for just 589 yuan - that's around Ā£60.
And if you think it looks familiar, you're not alone. It's essentially a clone of the Apple Watch, right down to the straps. The Hey S3 looks to be roughly the same size and shape as the Apple Watch though we doubt it will match Apple's design polish.
There's a 1.28-inch LCD display with a resolution of 176 x 176, again not troubling Apple, and a decent spec sheet: a heart rate sensor, GPS and GLONASS. Weloop is claiming that the watch will last 30 days on one charge, with normal use, but we'll believe that when we see it.
The 38g watch is 11.15mm thick so quite chunky, it's also waterproof to 50m and will track steps, distance and 'analyse your training'.
The Hey S3 is unlikely to make it out of China, where it is available via crowdfunding. It joins last year's Amazfit Watch and also the Amazfit Health Band, a new fitness band from Xiaomi's partner Huami that packs in an ECG sensor and heart rate variability and was also announced this week. The affordable Chinese wearables just keep on coming and we don't expect them to slow down anytime soon.
Source: Giz China
Correction: This story originally stated that Weloop is owned by Xiaomi.