Xiaomi has finally unveiled the mystery product we’d all been waiting for. While recent photos pointed to a TV set, Xiaomi gave nothing away until the big announcement.

The Mi TV 2S builds on the 40 and 55-inch models offered by Xiaomi in the Mi TV 2, but finds a sweet display size between the two Mi TV 2 models (48 inches). The 48-inch Mi TV 2S, however, matches the 40-inch and 55-inch Mi TV 2 models in terms of similar specs: 4K video playback at 60fps, a quad-core Cortex A17 CPU, Mali T760MP4 GPU, 2GB DDR3 RAM, 8GB of internal storage, HDMI 2.0a (an update to the Mi TV 2’s HDMI 2.0), USB 3.0, and doing so by way of an MStar 6A928 SoC (the same as last year’s Mi TV 2 models).

There are differences between last year’s Mi TVs and this year’s Mi TV 2S. Xiaomi decided to make its Mi TV 2S thinner than last year’s Mi TV 2 models, and updated the Mi TV 2S to Android 5.0 Lollipop. The company also provides a 4K display with this model, as opposed to the Full HD (1920 x 1080p) screen resolution of the 1,986 yuan, 40-inch Mi TV 2 and the 55-inch TV with a 4K resolution that was priced around 4,997 yuan. The new Mi TV 2S will cost around 2,999 yuan. And, last but not least, you can get the Mi TV 2S in a variety of colors: gold, green, blue, and pink. Xiaomi boasts that its new Mi TV 2S model has better screen resolution and quality than even Samsung displays, and the company’s 9.9mm thin profile that has been showing up in pictures with the letter “PK” can now be displayed proudly.

The Mi TV 2S is designed with the younger generations in mind, and will go on sale in China. Xiaomi says it’s working with PPTV, Youku, BesTV, and other content providers to give good deals to Mi TV 2S buyers who would love nothing more than to see excellent content that capitalizes on their 4K viewing experience.

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