I have both for a few days now - only 2-3h listening time each. So very first impression which may vary in future with burn in (if applies)
Comparison what I hear so far:
K3P is the more balanced and more neutral of both. I use the stock tips and cable and I find them to be quite good. It is a bit north of neutral. Slightly harsh in the mids but nothing to be worry about. Voices sounds just right. I would not say they sound boring but for now I miss a bit sparkle which you can get from the Sendiy M1221 e.g.
Sendiy M1221 (using balanced filter and stock mic cable of the K3P) is fairly bright (what I like) and highs are emphasized which results in very good resolution. The same time it is bit fatiguing. With the Sendiy stock cable these sounds even brighter and more fatiguing - too much for me. Though they are not 100% balanced and neutral I like the Sendiy somehow with its treble sparkle and as the other frequencies are not lacking the same time.
I wished to have an IEM which is right in the middle of these two (whereas my Sony MH 750 are right now - I do not know why but Sony did something right with the MH 750 - but actually I cannot accept a 5€ earphones is the best I can get for my listening preferences).
I will give both K3P and Sendiy M1221 of course more time and see where they are going by burn in time.
I ordered the K3P from AK Audio store. I can fully recommend this store.
I ordered the Sendiy from the Sendiy store applying DHL shipment. Very fast. But in the end I had to pay additional 39€ for customs clearance charges before handing over by DHL. I believe the Sendiy store is the first which did mention the right value on the package and not the 5 USD.
Not their fault of cause. Just to mention.