The Chinese publication states that the Lenovo K3 will be available online; however there is no announcement so far from Lenovo about the availability outside the country. For some good reason cellular country complaints making some noise all over the web
The handset features a 5inch HD IPS display with a pixel density of 294ppi, with a modern shape of 7.9mm. Lenovo K3 is operated by a quad-core Qualcomm Snapdragon 410 processor alongside of 1.2 GHz. 1GB Ram and 16GB internal storage with a support of microSD card slot. It does also have an 8MP at back camera and 2MP front facing camera, and packs with a 2300mAh battery, Lenovo K3 has its cool sports vibrant yellow color in the back panel along with Waves MaxxAudio for the sound.
And compare to Redmi 1S it have a 4.7inch HD display, powered by 1.6GHz quad-core Snapdragon 400; 1GB RAM and have 8GB internal storage also expandable up to 32GB.
Sooner or later if this will be available in the market it will be boom as Redmi 1S does, more cheaper and greater specs Lenovo K3 got.