Huawei smartwatches on display during the Consumer Electronics Show (CES) at the Las Vegas Convention Center in Las Vegas, Nevada, USA, Jan 6, 2016. [Photo/IC]

Huawei tried to penetrate developed markets with its premium devices last year, but ended up offering discounts to dump inventory.

I believe Ren's company will need to fight extremely hard in overseas markets in 2016, and its prospects are far from bright.