Xiaomi Mi 5 will soon get a worthy successor in the expected Mi 5S and retailers are apparently catching in on that to clear their Mi 5 stock before the arrival of the Mi 5S which is speculated to launch on September 27 with SD 821 chip.
The Snapdragon 820-powered Xiaomi Mi 5 has seen its price reduced to 1599 Yuan ($240) on Lynx official flagship store in China. This is down from the initial price of 1799 Yuan ($270), representing 200 Yuan off. This price reduction seem to only affect the purple and gold colored standard edition of the Mi 5 with entire network support, as other variants still retain their initial price tag.
Related: Xiaomi Mi 5S Teaser Confirms Top-Notch Performance
For the avoidance of doubt, the standard edition of the Mi 5 comes equipped with a 1.8GHz Snapdragon 820 chipset along with Adreno 530 GPU, 3GB of RAM and 64GB of internal storage. The Xiaomi Mi 5 specs also include a 4GB RAM variant, 16MP main camera with Phase Detection Auto Focus, a 4MP secondary camera and a 3000mAh battery equipped with Quick Charge 3.0. [source]