I came across this video, the guy did a teardown work on Haibo Arise Air reel.
I've learnt that there are two major brake system of baitcasting reel.
The Shimano FTB brake system and Daiwa reel’s inductor are both designed to help control the spool speed during casting. The Shimano FTB brake system is a true, dynamic system that uses a floating brake ring to apply pressure to the spool1. The Daiwa reel’s inductor is a fixed magnetic braking system that uses a magnet to apply pressure to the spool. Both systems are highly reliable and effective at controlling spool speed.
While HAIBO Reel achieved is, combines them together. This is really interesting and creative.