Xiaomi Mi5
A leaked photo of Xiaomi Mi4Weibo

The Chinese electronics company Xiaomi is reportedly planning to introduce a successor to the Xiaomi Mi 4 that debuted in July.

It has been just three years since Xiaomi entered the world smartphone market by launching its Mi 1 device in August 2011.

The company has now become the world's third largest smartphone vendor, outselling rivals in native land China. Samsung is the largest smartphone vendor, followed by Apple.

Lei Jun, the founder is expanding the company's operations internationally by starting sales in India and Singapore with a target of 10 new markets and sales of 100 million phones in 2015.

The Xiaomi smartphone runs a customised version of Google's Android OS, but costs less than rivals as the manufacturer sells the devices directly to consumers online.

Xiaomi Mi5
Another leak photo of Xiaomi Mi5Weibo

Driven by the huge success of the Mi 4, the company intends to bring the next Xiaomi iteration. A few screenshots of the purported Xiaomi Mi 5 have been spotted on the Chinese microblogging site, Weibo (via). The new Xiaomi addition, as seen in the photos, will sport bezel-less design. It will be very thin and comparatively large while offering single-handed operation.

Rumour has it that the Mi 5 will sport a Quad HD panel and quad-core Snapdragon 805 processor, paired with 3GB RAM.