Leaving aside the waterdrop notch, the recently teased Xiaomi Play looks like just another mid-range offering that sports a dual camera and a circular rear-mounted fingerprint reader. The leaked specs include an unnamed octa-core processor, up to 6 GB of memory, and 32 GB to 128 GB of internal storage space.
https://www.notebookcheck.net/Xiaomi-teases-the-Play-smartphone-with-waterdrop-notch-and-dual-camera.383626.0.html