The unveiling of a new Mi Smart Band is one of the most anticipated announcements from Xiaomi each year. The Chinese giant took the wraps off its Mi Band 4 successor earlier last month in its home country. Now, Xiaomi has officially launched the Mi Smart Band 5 at its global ecosystem launch event in Europe today. The Mi Smart Band 5 looks similar to the Mi Smart 4 but brings along substantial upgrades to this best-selling fitness tracker from Xiaomi.

Mi Smart Band 5 includes a 20% larger display in comparison to its predecessor. Mi Smart Band 5 includes a 1.1-inch color AMOLED screen as compared to a 0.95-inch screen aboard the Mi Smart Band 4 from last year. The panel boasts a 126 x 294 resolution and up to 450 nits of peak brightness.

Another big change that users have been requesting for long is also present aboard the Mi Smart Band 5. It’s 24-hour sleep tracking. Yeah, if you own any of its predecessors like the Mi Band 4 or Mi Band 3, you would know that it does not track your afternoon naps. The Mi Band 5 will track those, as well as show REM sleep information in the Mi Fit app.

Mi Smart Band 5 has been priced at 39.99 euros (around Rs. 3,435) in Europe but will initially retail at 34.99 euros as part of an early-bird offer. The company did not dole out availability details as it will vary depending on your region.