Google would have you believe that Android Wear is the future of smartwatches, but there are still plenty of Chinese OEMs which haven't gotten the message.
Charbax caught up with Zhengfang at the HKTDC Hong Kong Electronics Fair (Spring Edition) 2014 a few weeks ago. This ShenZhen-based company showed off a number of cheap smartwatches with prices ranging from $28 to $74, including one which has 2G and 3G connectivity and can make phone calls.
The smartwatches are running Mediatek's software on a Mediatek CPU, and with good reason. Zhengfang is going to be launching a couple Android smartwatches next month, and they will sell for over $100.
In other words Mediatek's proprietary solution is cheaper. This might help explain why Samsung went with Tizen rather than Android Wear on the new Gear smartwatches.