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(Pocket-lint) - Chinese smartphone manufacturer Xiaomi, otherwise known as China's Apple, is about to launch the second version of its very affordable wristband.

Called the Mi Band 2, it's expected to be a follow-up to the Mi Band, Xiaomi's original wristband that only costs £7.50. No - we didn't forget to add a couple zeros. It doesn't have a display nor nifty phone-enabled features, but you can use the MiBand to unlock a Mi phone without a password. It'll also monitor your steps and sleeping habits, among other things.

Now, thanks to Lei Jun, Xiaomi's founder and CEO, we know what the Mi Band 2 looks like, as he showed it off during a wearables conference in China via a photo posted to Weibo. The Mi Band 2 appears to feature both a LCD display and a physical button, and it should let you view your activity levels and heart rate. We're only wondering if it's just as cheap.

MyDriversxiaomi ceo reveals mi band 2 and its lcd display physical button image 2

Keep in mind Xiaomi in 2013 poached Hugo Barra from Google. He played a big role in Android and Nexus. Since then, Xiaomi has come up with several handset and wearables. It expected to officially unveil its new tracker alongside the 6.4-inch Mi Max and the latest version of MIUI on 10 May. The upcoming phone is thought to pack a Snapdragon 650.

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Writing by Elyse Betters. Originally published on 25 April 2016.