Xiaomi Technology is expected to launch its first smartwatch in September at the earliest. The Mi smartwatch is likely to come with a 1.3-inch round display powered by a Qualcomm Snapdragon 410 CPU with 512MB RAM, according to media reports in China.

The Mi smartwatch is also likely to come with a metal strap and a design similar to that of the Moto 360, indicated the reports, citing a leaked draft design of the smartwatch.

The speculated smartwatch will have a long-life battery and will likely retail at CNY999 (US$152), said the reports.