Xiaomi has introduced the Mi Watch Lite with little to no fanfare. The new smartwatch has a square display, up to 9 days of battery life, a 230 mAh battery and GPS support, among other features. The Mi Watch Lite currently retails in China for CNY 299 (~US$45).
https://www.notebookcheck.net/Xiaomi-quietly-unveils-the-Mi-Watch-Lite-with-a-square-design-and-up-to-9-days-of-battery-life.509019.0.html