Lenovo and Motorola are commonly placed together for good reason, but Lenovo has another company that it has backed, too.

ZUK, which is based in China, is another company that’s looking to enter the affordable smartphone race with the introduction of the Z1. For what it’s worth, the Z1 isn’t by any means an entry-level handset, even if the price tag might venture to guess it is. First and foremost, the device boasts a 5.5-inch 1920×1080 HD display, with a Qualcomm Snapdragon 801 processor under the hood, clocked at 2.5GHz. On the back, there’s a 13MP camera with optic image stabilization, while the front-facing shooter is an 8MP camera.

It’s loaded with 3GB of RAM and 64GB of built-in storage, and the battery is measured in at 4100mAh. It’s running Android Lollipop under ZUK proprietary user interface. One other noteworthy feature is the fact that the Z1 has a USB Type-C port, but this is a USB 3.0 Type-C offering, which means it offers 500MB per second transfer speeds — 10X faster than USB 2.0.

Perhaps the most interesting feature is the U-Touch Home button, though. This offers a fingerprint reader, which has 0.31s identification speeds and can be used for mobile payments. On top of that, the single button acts as several different options rolled into one. It’s the Home button, but also the Back and Menu options, too. Accessing multitasking and app switching is all done from the U-Touch, too. This is handled by owners touching the U-Touch button to go back, and pressing it down to go home. Double tapping it will bring up app switching, while swiping horizontally will gain access to multitasking.

The Z1 will launch in China on August 18 for RMB 1799 ($284). The company says an international launch is planned “soon,” though.

What do you think of the Z1?