Chinese mobile phone company Xiaomi launched their new MIX3 in Place Museum in Beijing today. 

Screenshot of newly-launched Xiaomi's Mix 3 Palace edition. [Photo: China Plus]

The new smart phone features include a full screen, as well as dual front and rear cameras. But most importantly, the phone may be the world's first 5G-compliant phone. Xiaomi MIX3 5G is expected to come into the market at the first quarter of 2019.

The edition released today is available in four storage options: 6GB RAM/128GB memory, 8GB RAM/128GB memory, 8GB RAM/256GB memory and 10GB RAM/256GB memory. They also introduced a special edition Mix 3 Palace that will be released later in November. It will offer 10GB RAM and 256GB internal storage and supports 5G connectivity, with a price of 4999 yuan(around $720). All the other editions are under 4,000 yuan. The new phone also comes with a new 10W wireless charging pad.