Close to 17 million people have registered to participate in Xiaomi's flash sale for its Mi 5 smartphone. The sale is taking place tomorrow and registrations were accepted until 6 PM in China on February 29. In total, 16.8 million signed up over a period of five days.

The first flash sale for the Mi 5 opens at 10 AM on March 1. Given the high demand in China for the handset, the phone will probably sell out in a matter of minutes, if not seconds.

Xiaomi's Mi 5 comes with a Snapdragon 82o processor, 32/64 GB of storage, 3 GB of RAM, and a 5-inch 1080p display. It begins at just $306 for the 32 GB model and can rise to $352 for the 64 GB model. A special Ceramic Exclusive version will also be sold with 4 GB of RAM and 128 GB of storage for $413.