Xiaomi Mi Band 5, the successor of Xiaomi's wildly popular Mi Band 4, will increase the touch screen size to 1.2-inch from 0.95 inch that of Mi Band 4, Tizenhelp reported Thursday.
The Mi Band 5 will be lighter and more contrast, which makes it better readable in the sunlight, the report said. It will be a full-colored AMOLED screen as the Mi Band 4.
The Mi Band 5 will also support NFC function outside China and that feature will also become available on a global version for contactless payments, the report said citing insiders. It opens the door for Google Pay & other payment services to take advantage of it.
Mi Band 4 is selling for 169 yuan in China ($24). The price for Mi Band 5 will be 179 Yuan in China, which is about $26, the report said.
（Mi Band 4. Photo from Xiaomi.）
The Mi Band 5 will be jointly developed by Xiaomi and Huami and is expected to be released in the second quarter of 2020. Details are yet to be announced.
In August last year, Huami CEO Huang Wang confirmed at the financial report meeting that he and Xiaomi are jointly developing the Mi Band 5, which is expected to be released in 2020.
At the strategic communication meeting held in December, Huang Wang said that the Mi Band 5 is in full swing of research and development.
He said that Huami is still an important member of the Xiaomi ecological chain enterprise and will continue to seek the maximum synergy of business and strategy in the Xiaomi ecosystem.
Regarding why he did not participate in the development of the Xiaomi watch project, Huang Wang said that not every Huami Mi wearable product will participate. "Maybe the Xiaomi bracelet is so good, there is a misunderstanding from the outside."
Huang Wang said that Huami and Xiaomi's wearable device contract does not exist exclusive and exclusive agreements. The highest priority partner will be selected under the same conditions. The factors to consider are not only technology research and development and product capabilities, but also the profit sharing ratio, whether data is shared, and different market judgments between the two parties.
Huang Wang revealed that in 2020, Huami Technology will also have more smart device categories beyond watches and bracelets.
