Xiaomi sub-brand Redmi is reconsidering its marketing strategies. Up until now, Redmi has been focusing on premium mid-range phones, but it looks like Xiaomi will allow it to release flagships, as well. The Note 7 Pro is going to be released soon, and afterwards, Redmi intends to launch a value high-end handheld powered by Qualcomm's Snapdragon 855 SoC.
https://www.notebookcheck.net/Xiaomi-planning-to-release-a-high-end-Redmi-handhelds.403376.0.html