Xiaomi brand Redmi reveals its first smart TV

Redmi, an independent brand of Xiaomi Corp, unveiled its first smart TV on Thursday, signaling the Chinese smartphone vendor's further ambition to expand its presence in the TV sector.

The move came shortly after Honor, an independent brand of Huawei Technologies Co, made a similar push earlier this month, highlighting the mounting competition among companies to give new vitality to traditional TV businesses.

The Redmi TV starts from 3,799 yuan ($531), the same price as Honor's first TV product Honor Vision. But the former comes with a 70-inch screen, in comparison with the latter's 55-inch screen.