UPDATE: Official announcement can now be found here.
Video went live on YouKu by accident, got quickly unpublished but… we did get a first look at the headset itself since a ton of people reuploaded it immediately:
So it does look like a fancy version of Google Cardboard with zipper and all. Let’s hope it comes cheap and outside of China as well at some point. We are waiting for an official announcement regarding its actual features (controls, pricing, bundles, etc.) in a day or two from now over at mi.com.
Video source (warning: bad, and not original audio):