Xiaomi has unveiled its latest offering today called the MiPad 7.9. As you would have guessed from the image, the tablet looks uncannily similar to the Apple iPhone 5c, especially with the design and the choice of colors available. The device also packs a powerful NVIDIA Tegra K1 chipset to ensure that the performance is not compromised.

Xiaomi’s official product page mentions that the tablet carries the same display resolution as the Retina Display iPad Mini at 2048 x 1536. It will be sold in 16 and 64GB variants, both of which feature a microSD card slot for added storage. Both models pack 2GB of RAM.

The Chinese manufacturer is touting this to be the world’s first tablet with the quad core Tegra K1 SoC which utilizes ARM’s Cortex-A15 CPU architecture with a clock speed of 2.2 GHz. There’s also an 8-megapixel camera on the back for shutter bugs along with a front facing 5-megapixel sensor.

Thanks to the plastic exterior, the device only weighs 360 grams, which is considerably light for a powerful tablet. There’s no word on the version of Android the tablet is running, but Xiaomi has specified that a new version of MIUI is being used.

The 16GB variant will retail for 1,499 CNY or $240, while the top end 64GB model will set you back by 1,699 CNY or $273. The pricing as always is the winner here and Xiaomi will hope to attract a wide range of customers with this new offering, especially those looking to buy the iPad Mini.