Huami aims to be No 1 in wearable devices

Huami Co Ltd expects sales of its Xiaomi Mi Bands will reach 10 million in the third quarter, making it the largest maker of wearable fitness devices in the world.

Launched last year, the Mi Band monitors fitness levels and tracks sleep patterns.

Huang Wang, the founder of Huami, said he is confident that the Mi Band will overtake products made by Fitbit Inc, which is based in the United States, and is currently the world's largest manufacturer of wearable fitness brands.