Chinese smartphone manufacturer Xiaomi has launched its Yi Action Camera, a pint-sized Full HD sports shooter, for just $64. The device is currently available only in China at present. The Yi camera captures 1080p video at 60 fps and takes 16-megapixel photos with an f/2.8 aperture lens. It features slow motion and adjustable time-lapse shooting modes, is waterproof down to 40m and includes Wi-Fi and Bluetooth connectivity for pairing with your smartphone to transfer media.