The latest Android handset from China's Xiaomi is looking to overshadow Apple's iPhone 6 plus. The handset maker unveiled its Xiaomi Note in Beijing Thursday. It has a 5.7-inch screen and is a fraction of a millimeter thinner than the iPhone 6 Plus. It's also 11 grams lighter. The phone will debut in China later this month for 2300 yuan or 376 US dollars when bought without a contract. That's a bargain in China considering the iPhone 6 plus is more than 2 and a half times that price. Xiaomi's new phablet will help the company grow its ever-increasing market share. In q3 last year, it ranked as the world's third largest smartphone vendor, behind Apple and Samsung, according to IDC. Xiamoi has been around since 2010 and it's quick rise has disrupted the Chinese smartphone market by offering high end phones that undercut the competition. With reporting by Michael Kan in Beijing, Nick Barber, IDG News Service.