You must have come across a lot of variety in the world of smartwatches and Alibaba YunOS Powered Pay Watch is a new entry there, focused on being a payment centric smartwatch. Coming from China's ecommerce giant, this smartwatch plans to start crowdfunding on its online shopping website Taobao starting October 15. The device will support mobile payments through Alibaba’s Alipay platform. It will do so by generating on-demand QR codes that retailers can scan at checkout. According to the updates that are available so far, the smartwatch includes a 1.63-inch AMOLED display (320×320 resolution), dual-core CPU with 4GB of storage, Bluetooth, a built-in 300mAh battery (36 hours regular use, with power-saving mode that claims to offer up to 119 hours), magnetic charging, and compatibility with Android and iOS. Apart from this, you'll also get to enjoy purchasing movie tickets through Taobao, check the weather, and receive push notifications from your smartphone for calls, SMS, email, WeChat, etc. Overall, a simple smartwatch that will make mobile commerce more easy and hassle-free for everyone.