Chinese company Hongrun Electronics has released a Mobile Internet Device named MID700. It is powered by an 800MHz Telechips TCC8901 chipset and comes with a 7-inch 800 x 480 resistive touchscreen display, a 256MB RAM, a 2GB of Flash storage, an SD card slot, a miniUSB port, a USB port, an HDMI output, 1080p Full HD video playback and running on Windows CE6.0 OS. The MID700 will be sold at 980 Yuan (about $144). More pictures after the break.

[via TechFresh]