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Xiaomi Corp unveiled a flagship smartphone with a transparent glass back panel on Thursday, as the world's fourth-largest smartphone maker by shipments started putting finishing touches to its mega-sized Hong Kong initial public offering.

Priced up to 3,699 yuan ($578), the Mi 8 Explorer Edition is equipped with a transparent glass back panel that allows consumers to peek into the insides of the phone. The move is part of Xiaomi's broader push to build up its image as a pioneer keen to experiment with cutting-edge smartphone design.

Lei Jun, founder and CEO of Xiaomi, said it is also the first Android smartphone that comes with infrared cameras for face unlocking and gesture controls, a method that is used in its rival Apple Inc's iPhone X.

"We are constantly pushing the technological envelope of smartphones. That is what drives us forward," Lei said at a product launch event in Shenzhen, Guangdong province.

The new handset came as Xiaomi is gaining strong momentum in overseas markets. In the first quarter of this year, it saw an 88 percent year-on-year growth in global shipments to 28 million units, with the uptrend rising to more than 999 percent in Europe, according to data from market research firms IDC and Canalys.

Source: ECNS