Xiaomi finally unveiled its first smartwatch on Tuesday, and it may just live up to the hype. The Amazfit Sports Smartwatch packs some impressive fitness tracking hardware, along with a round display, a sleek design and a killer price.

The new smartwatch actually comes from Xiaomi subsidiary Huami, which also makes the popular Mi Band fitness trackers. It sports a 1.34-inch circular display with a 320 x 300-pixel resolution and a bit of dead space at the bottom. The screen is surrounded by a bulky ceramic bezel that should keep it protected, and it comes with a sporty red wristband.

Under the hood, Huami packed in a GPS sensor, a dual-core processor, 512MB of RAM, 4GB of storage, a pedometer, Bluetooth and Wi-Fi. It’s IP67 rated so it can survive a dunk in the pool. The Amazfit Sports Smartwatch also comes with a 280mAh battery, which the company claims will last for five days with regular use. If you’re using the GPS and heart rate monitor that drops to just 35 hours, and if you turn off all the smart features it can run for 11 days per charge.

The new watch doesn’t run Google’s Android Wear operating system, instead relying on some custom Chinese software. You can view your fitness stats, check the weather, receive notifications and make mobile payments with Alipay. However, it’s unclear if the device will offer an open ecosystem for third-party apps.

The Amazfit Sports Smartwatch is set to launch in China tomorrow for 799 yuan (about $120). Xiaomi already sells its Mi Band series in the U.S., so it’s definitely possible this new wearable could arrive in America eventually as well.