Xiaomi is expected to introduce its smartwatch during a media event on March 31. It's known there will be multiple products shown off during that event but Xiaomi has not specifically said one of them will be a smartwatch. Rumors claim the watch is round and has a metal build. It is said to be running MiUI, not Android Wear.

Outside of the smartwatch, the media event may also be used to show a new smartphone. Reports say an upcoming mid-range phone from the company has a Snapdragon 615 processor, 4.9-inch 1080p display, 12 MP camera, 2 GB of RAM, and Android 5.0.2 Lollipop with MiUI.