Alibaba's Pay Watch is a $110 payment focused smartwatch

Chinese e-commerce giant Alibaba is entering into the smartwatch market. The company has partnered FiiSmart, a Chinese fitness wearable provider to design and manufacture the Pay Watch, which primarily focuses on payments.

The Pay Watch runs 'YunOS for wear'  can make mobile payments via Alibaba's Ali Pay platform. Retailers will be able to create on-demand QR codes to facilitate transactions.

Pay Watch features a 1.63-inch (320 x 320 pixels) Amoled display, dual-core CPU with 4GB storage, Bluetooth and magnetic charging. It is fueled by 300mAh battery which will provide 36 hours of regular use, and can go up to about 119 hours on power saving mode. It is compatible with Android and iOS devices.

 The smartwatch also lets you check weather, calendar and receive push notification for calls, SMS, emails from the samrtphone. It also supports heart-rate monitoring, motion detection and has a built-in pedometer.

Pay Watch comes in four colors and prices start at 699 yuan ($110). It will be made available only in China.

Via