Xiaomi is launching a new product, Xiaomi Hongmi Note (小米红米Note), on the 19th March 2014. Customer will be able to pre-order it on the website. There is even a contest to guess the price of this Octa Core processor smartphone.
Not sure about other specs. Hopefully there is a stylus on it since the screen is 5.5-inch. Stay tuned as I will try to dig some information on it. BTW, I wonder if this phone comes to Singapore, will it be called Xiaomi Redmi Note.