Xiaomi has unveiled its latest budget device, the Redmi S2. The S2 offers features like dual rear camera, EIS, and a Snapdragon 625...and comes with a US$160 base price tag. It could also be rebranded to be an Android One device in the near future.
https://www.notebookcheck.net/Xiaomi-Redmi-S2-released-Snapdragon-625-dual-rear-cameras-160.303068.0.html