Chinese smartphone vendor Vivo unveiled in China its its latest handset, the iQOO Neo 3, as the company picks up the pace to gain a bigger presence in the expanding 5G smartphone market.

The company's iQOO brand rolled out the iQOO Neo 3, which comes with a super-fast 144Hz display, a 4500mAh battery with 44W fast charging, Wi-Fi 6, Hi-Res audio, NFC and UFS 3.1 storage.

With a starting price of 2,698 yuan ($381 / 6GB+128GB version) in China, the new smartphones are equipped with Qualcomm's Snapdragon 865 SoC. The phone is also available in 8GB/128GB, 12GB/128GB and 8GB/256GB versions.

The phone also features triple cameras at the back consisting of a 48-megapixel primary lens next to an 8-megapixel wide-angle-lens and a 2-megapixel macro sensor.