Leaked HyperOS code reveals the Xiaomi Tag, a tracker designed to compete with Apple's AirTag and Motorola's Moto Tag. Images and video show an oval design, similar to Samsung's Galaxy SmartTag 2. Two models are planned: one with UWB support for precise location, and a cheaper version without it.

The code confirms both models use a standard CR2032 coin-cell battery, mirroring Samsung's approach. This standardization simplifies user replacement and aligns with industry norms for compact trackers. The existence of two variants suggests Xiaomi aims to capture both premium and budget-conscious segments of the location-tracking market.

Initial availability appears limited to China, based on app references. A global launch remains uncertain, which would restrict its challenge to Apple and Samsung in Western markets. This mirrors Xiaomi's strategy for other accessories, often launching domestically before any international expansion plans are confirmed.