Domestic phone maker JiaYu are talking about launching their own low-cost dual-sim Android phone to rival the recently launched Xiaomi Red Rice.
Xiaomi launch the 799 Yuan Red Rice last week simultaneously pleasing Xiaomi fans and painting a target on their backs which smaller Chinese brands are now looking to take aim on. JiaYu are rumoured to be the first and are looking to launch an entry-level quad-core MTK phone later this year at an even lower price point!
Specifications of the mystery JiaYu are expected to be similar to the Red Rice with the only differences being the use a of a 1.2Ghz non-turbo MT6589 chipset and possibly a smaller 4.3 or 4.5-inch display. Obviously the JiaYu phone will lack MIUI V5 (however it will likely support the ROM) but the most interesting news is the possibility of a 499 Yuan launch price!