Xiaomi has a new phone for those who are looking for a replacement for the Samsung Galaxy Note 7.

Xiaomi is all set to launch its latest flagship smartphone, the Mi Note 2 , 25th,Octorber,2016.The company has scheduled an event in Beijing that kicks off at 2pm CST (11:30am IST) and will also be live streamed (seen below).

Sporting a design that, like the Note 7, is curved on both front and back, the new 5.7-inch Mi Note 2 also offers a 23-megapixel camera, 6GB of RAM and 128GB of onboard storage. Xiaomi has been pushing its Mi Pay mobile payment system lately, so the Mi Note 2 will come with NFC.

It's set to launch on November 1 China for 3,299 yuan (approximately $485, £400 or AU$640). A cheaper model, with 4GB RAM and 64GB onboard storage, will retail for 2,799 yuan (roughly $410, £340 or AU$540). There's also a special model with support for 37 LTE bands that retails at 3,499 yuan ($515, £420 or AU$675).

The phablet is similar to the Mi 5S Plus, which launched last month. Both phones have a similar 5.7-inch display and are powered by the Qualcomm Snapdragon 821 processor, though the Mi Note 2's display uses OLED technology to curve the screen on the front while still retaining the curved back of the first Mi Note.

Powered by Android, the Mi Note 2 runs Xiaomi's custom MIUI 8 skin. It, like most skins out of China, lacks an app drawer, but has some nifty features. You can turn on the flash light by holding the home button without unlocking the phone, for instance, and can use a second finger to swipe through home-screens while holding down on an app to move it.

It has 22.56MP high-resolution rear camera with 4K video EIS support.  It comes with the 8MP autofocus front camera. It is packed by the 4070mAh battery with Quick Charge fast charging 3.0 technology. In the connectivity options, it includes 4G VoLTE, WiFi 802.11 ac (2.4/5 GHz) MU-MIMO, Bluetooth 4.1, GPS, as well as USB Type-C port

.

Key specs

• Qualcomm Snapdragon 821 2.35Ghz
• 6GB RAM, 128GB onboard storage
• 4,070mAh battery with Quick Charge
• 23-megapixel rear camera
• Comes in black an silver
•