With $40 million (about £25.5m, AU$47.5m) in new funding, wearable maker Misfit is looking to expand its reach in China - and beyond wearables into the smart home.
"People like the stuff that we've got, but we need to get more products out, and faster," Misfit co-founder and CEO Sonny Vu told Re/code.
He didn't go into detail, saying only that Misfit plans to launch "several smart home products over the next few quarters."
The funding comes from a variety of investors, chief among them Chinese smartphone maker Xiaomi and Chinese retail site JD.com, where the Misfit Shine is the top-selling activity tracker.
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