Huami steps up efforts in R&D of digital healthcare products

US-listed Huami Corp is ratcheting up resources allocated to digital healthcare services, after the five-year-old company saw spectacular sales performance for smartwatches and fitness trackers.

Huang Wang, co-founder and CEO of Huami, said he does not see the company as a hardware maker. "Instead, we are becoming a data-driven, cloud-based company offering healthcare insights."

The company is the sole provider of Xiaomi Corp's wearables. It designs and manufactures Xiaomi's wearables, including fitness trackers and smartwatches, and also makes self-branded products.