China's Meizu set to launch new smartphone brand PRO to compete with Apple, Samsung on more level footing

Chinese smartphone maker Meizu, backed by e-commerce leader Alibaba, will launch a new brand called PRO later this month to tap the higher end of the market, it said.
The new flagship handset will retail for between 3,000 yuan and 4,000 yuan (US$470-$630) and should help the company win ground against domestic rivals like Huawei and ZTE in the high-end market, Meizu’s vice president Li Nan said.
The move comes as more Chinese smartphone makers are looking upmarket with pricier devices to take on the likes of Apple and Samsung.
Li said the handsets billed as high-end by Huawei and Xiaomi cannot compete with Apple’s latest iPhone models in quality, innovation or user experience.
Huawei unveiled its new Mate S earlier this month and said the model will sell for US$732, with a premium version costing around US$848. This would put it on a similar price level as the latest iPhone or Samsung’s S6.
Li declined to offer further details about the model that will soon by released by the company, which is based in Zhuhai on the southern coast of Guangdong province.