Xiaomi has just sent out invites for its special event to be held on July 16th. The Chinese company confirmed the launch event in a teaser post on Weibo and shared an image letters “PK” imprinted in the middle of the picture. The teaser invite confirms that the event will see a new device; though at this point it is not clear whether the company will be launching the a new smartphone or another device.

The event could be the announcement of the Xiaomi Mi 5 and probably the Mi 5 Plus, the company’s next flagship device, which is to succeed the Xiaomi Mi 4. Another possibility is the rumored launch of the Xiaomi Redmi Note 2 mid-range flagship.

The Xiaomi Mi5 Plus was recently certified by TENAA (Chinese equivalent to the FCC) and basically confirmed the phone’s specs and design. The handset will sports 13MP rear camera with a 4MP snapper in front if the listing is to be believed.

According to the listing, Mi 5 Plus will come with an 5.7-inch 1440 x 2560 resolution screen, protected by Gorilla Glass 4. It is the 64-bit Snapdragon 820 SoC, which offers an octa core 2GHz CPU coupled with 4GB of LPDDR4 RAM along with 64GB of internal storage.

Recently it was reported that Chinese smartphone maker Xiaomi is working on development a full-fledged e-commerce business model for its phones and other devices in India. Xiaomi Indian Head Manu Kumar Jain said the mobile phone maker is actively considering investing in a few startup technology companies to develop an eco-system.