The postponed second-generation Mi Band 2 has finally become official today in China. The company has announced the new fitness tracker, promising it will go on sale starting June 7. The new tracker is currently available for pre-order at Chinese online store TinyDeal.

The interesting part is the price is $49.95, which is considerably higher than the first-generation that was priced at around $20. The good thing is that Xiaomi says the tracker will retail for the same price, so if you can wait, you will definitely pay less than now.

Specs-wise, the tracker comes with an OLED display that shows that time, a new button and more features.

Xiaomi Mi Band 2 specifications

Fitness, heart-rate and sleep tracker

OLED screen that allows you to see time, step count, heart rate

20-day battery, IP67 water resistant

ADI accelerometer and optical heart rate sensor

Anodized 0.05mm ultra-thin button

Upgraded pedometer algorithm

Hypoallergenic silicone band

Second-gen Bluetooth 4.0 for more stable connections