Xiaomi is all set to introduce its new Redmi smartphone at an event in China today in a couple of hours. Ahead of the launch, the company introduced the new Redmi by Xiaomi logo yesterday, today the company’s has confirmed that the phone will be called the Redmi Note 7 and the CEO Lei Jun has announced the appointment of Lu Weibing as the president of the new Redmi brand and vice president of Xiaomi.