Xiaomi is already release their new name for Xiaomi global market products, the phone is Redmi that now ready to unveiled in Singapore, and Xiaomi is alos ready to launch their new smartphone.
The upcoming Xiaomi smartphone is Xiaomi HongMi 1S that also targeting for low-end market and thi is the one of budget smartphone that came from Xiaomi, while the price is only 799 yuan or around $130 USD price tag per unit.
Xiaomi HongMi 1S is sports with 4,7inch screen size (1280 x 720 pixel), Powered by Snapdragin 400 MSM8628 chipset along with 1GB of RAM and 16GB of storage and running witt Android 4.3 Jelly bean with MIUI operating system.
The phone is alos work on dual network (CDMA and GSM) and packs with 8 megapixel camera and 1.6GB of front facing camera. The phone will available in Chinese market on February 20th. [source]