Chinese company Xiaomi continues to make headlines with how fast it's selling its smartphones in various markets. Xiaomi's latest achievement is far less impressive than its previous ones when the company managed to sell hundreds of thousands of smartphones in under 5 minutes.

Earlier this week, the folks over at GizChina report, Xiaomi sold 100,000 Redmi Note units in about 34 minutes. While this is quite an achievement for any handset maker, judging by its previous experiences, it appears that Xiaomi is in fact losing its edge.

Xiaomi Redmi Note is a mid-ranged Android smartphone that has been priced in China at only 1,000 yuan ($160) outright. Judging by the phone's specs sheet, this is one of the reasons that the company managed to sell so many units in such a short time.

The Redmi Note is fiercely competing with HTC's new Desire 816 smartphone, which has been recently introduced in the Mainland.

However, it appears that the Chinese market is so big and demand for mid-range smartphones is so strong that neither handset maker manages to fulfill all pre-orders.

HTC probably took some of Xiaomi's customers, but it could only delay for around half an hour the sale of 100,000 units, which could have probably been sold out in 5 minutes if not for the Desire 816.

Anyway, back to the Redmi Note, Xiaomi's smartphone has been recently spotted in AnTuTu benchmark where it scored around 28,000 points, which is no small feat for a device aimed at the mid-range segment.

The reason behind Redmi Note scoring so high in benchmarks may be the fact that the smartphone is powered by an octa-core MediaTek MT6592 processor clocked at 1.7GHz. In addition, the smartphone packs no less than 2GB of RAM and 16GB of internal memory.

These alone combined with the very low price should make the Redmi Note the hottest Android smartphone available on the market.

If that is not enough to make you want to grab the Redmi Note, Xiaomi has also added a large 5.5-inch capacitive touchscreen display that sports HD (720p) resolution. On the back, the smartphone boasts a 13-megapixel photo snapper that features autofocus, LED flash and full HD (1080p) video recording.

For those who can't afford to purchase this version of Redmi Note, Xiaomi has also released a cheaper model that sells for 800 yuan ($130) outright. This one is powered by a 1.4GHz octa-core MediaTek MT6592 processor and has only 1GB of RAM and 8GB of storage.