Xiaomi Brings Payment Capabilities to its Smart Fitness Bracelet

China’s largest domestic smartphone maker, Xiaomi, has entered into a partnership with the the country’s biggest e-commerce company, Alibaba, to develop mobile payment systems using wearable technology. The venture is to fall under Alibaba Group’s subsidiary, Alipay and is said to be a first for China’s major tech firms. While wearable payments have yet to really catch on in China, this merger could be a sign of change in this trend.

Xiaomi’s Mi Band smart fitness bracelet is an impressi ...

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