My guess is right that Xiaomi might launch 2 or more devices, another one is the Xiaomi Note Pro
(from Xiaomi livestream event earlier)
This is the more powerful brother of the Xiaomi Note with MIUI, 64-bit Qualcomm Snapdragon 810 octa-core processor, 5.7 inch Quad HD display, 4 GB LPDDR4 and 64 GB ROM
Those are the key specs that they revealed so far from the Xiaomi event earlier. This will be priced at 3299 Yuan or around Php 23,721