By Rida WATCH RELATED VIDEO Submit (CHINA OUT) Xiaomi CEO Lei Jun speaks during a product launch on May 15, 2014 in Beijing, China. Privately owned Chinese electronics company Xiaomi has lauched its first tablet and low-price 4K TV on Thursday. The newly launched 'Mi Pad' is looking to shake up the tablet market to rival Apple's iPad mini with a new low-price slate set. Advertisement © 2017 HNGN, All rights reserved. Do not reproduce without permission. Advertisement 0 COMMENTS CLOSE COMMENT Get HNGN's Top Stories Newsletter Everyweek You have already subscribed. Thank you.