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Huami joins Timex Group to develop Next-Gen smart wearables

IANS  |  New Delhi 

Xiaomi-backed wearable brand Huami on Wednesday announced a partnership with Group to develop new and increase the global market share.

(AI) technology, app design and will meet Timex's expertise as watchmakers to develop a new generation of smart watches.

"We will work to develop business models to promote, market and distribute smartwatches to our combined customer base, and expect to leverage each company's distribution strengths across the global market while benefiting from established online and offline channels," said Wang Huang, of

The deal aims to help both the companies strengethen their presence in mature markets like the US and as well as emerging markets like and China, Huami said in a statement.

The companies also expect to explore and develop value-added services including e-payment, weight management, sports, fitness and for users.

"Together with Huami, we will bring forth a new generation of smart watches set to disrupt the category," said Tobias Reiss-Schmidt, President and CEO, Group.

"With the deep-rooted product development and craftsmanship capabilities of along with Huami's enhanced sports, and AI technology, we have the opportunity to bring cutting edge wearable to consumers around the world," he added.

Since its inception in 2013, Huami has established its global presence by shipping millions of units of smart

The company shipped 18.1 million smart last year.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 05 2018. 13:18 IST
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