The Mi 5 went on sale in April and the market has change quite a bit since then. While Xiaomi is having a very successful year so far, especially with the mid-range Redmi series, the high-end competition can only be described as unprecedented. In the wake of the Galaxy Note7 demise, the iPhone 7 release, and the V20 stepping up its game the it's time, Xiaomi is shifting the spotlight back to the Mi flagships with its new Mi 5s and Mi 5s Plus updates.
Source: http://www.gsmarena.com/xiaomi_mi_5s-review-1511.php