Xiaomi has launched a new compact Bluetooth speaker through crowdfunding on Xiaomi Youpin, and it has already reached its funding target. The Xiaomi Bluetooth Speaker Magnetic Version is a small speaker that also works as a phone stand. It uses magnets to attach to the back of a compatible phone.
The speaker is priced at 199 yuan (~ $30), although early backers can get it for 132 yuan (~ $20).

Xiaomi Bluetooth Speaker Magnetic Version Specifications
The speaker has a magnetic base that attaches to wireless-charging-compatible phones, including iPhones. Once attached, you can use it as a stand to prop up your phone while you listen to music or watch videos.
Xiaomi has also added a Hall effect sensor that automatically turns the speaker on when it detects that it has been attached to a phone. It weighs around 95 grams, so it should not add too much weight to your phone.

Design-wise, the speaker has a dome-like shape and comes wrapped in a finely woven fabric mesh with a metal ring detail, giving it a soft, textured look. It comes in black and a wider tan/beige shade. Both have a glowing ring around the base that shifts through blue, purple, and pink tones, and also reacts to the music.
For sound, the speaker uses a 1.5-inch full-range driver with 3W of power. It is not designed to replace a larger speaker, but it should be enough for watching videos or playing music while your phone is on a desk.
If one speaker is not loud enough, you can pair two units for stereo sound. Xiaomi also says you can connect up to 10 speakers at once for a larger setup.

The speaker has an IP67 rating, packs a 650mAh battery, and uses Bluetooth 6.0 for wireless connections. Charging is handled through USB-C. However, Xiaomi does not include a charging cable or power adapter in the box.
Unlike some of Xiaomi’s other smart speakers, this model does not support Hyper AI, the company’s voice assistant. That means you cannot control it using voice commands.
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