It's been just five years since Xiaomi was founded, and the rapidly growing company is celebrating the occasion in China with a fan festival to thank the company's loyal customers. Xiaomi CEO Lei Jun took the opportunity to announce five new products, including the new Mi Smart Scale.

Adding to its growing ecosystem of phones and accessories, the Mi Smart Scale connects via Bluetooth with your smartphone and is another source of data for the company's Mi Fit app, which is available on both iOS and Android. It has a precision of 50g (1.8 oz) and can track weights from 5 to 150kg (11 to 330 lb). With a glass platform and LED display, it will retail for 99 yuan, which converts to around $15, £10 or AU$20.

Like the Yi Action Cam , the scale is developed by Huami, which also made the company's wearable fitness band, the Mi Band .

Other products include a buffed up Mi TV 2, which sports a 55-inch 4K display, smart features and comes with an eight-speaker sound bar. The price? Just 4,999 yuan ($805, £545 or AU$1,060).

Two phones -- a pink version of the company's flagship Mi Note , and a version of the Redmi 2 made for carrier China Mobile were also announced. Lastly, the company showed off the Mi Power Strip -- a portable charger with three power sockets and three USB ports.

These products are currently only for sale in China, but given that the company will be opening its online Mi Store for accessories in the US and Europe sometime soon, there's a good chance you may be able to get your hands on the Mi Smart Scale.