HMD Global, the Finnish company that owns the rights to use Nokia’s brand on mobile phones, announced on Sunday its first smartphone, targeted for Chinese users with a price of 1,699 yuan ($246).

The launch marks the first new smartphone carrying the iconic handset name since 2014 when Nokia Oyj chose to sell its entire handset unit to Microsoft (MSFT.O).

The new device, Nokia 6, runs on Google’s Android platform and is manufactured by Foxconn (2354.TW). It will be sold exclusively in China through online retailer JD.com (JD.O), HMD said.

“The decision by HMD to launch its first Android smartphone into China is a reflection of the desire to meet the real world needs of consumers in different markets around the world… it is a strategically important market,” HMD said in a statement.

Have a look at the phone’s specifications:

  • 5.5-inch Full HD display with 2.5D curved glass
  • Snapdragon 430 SoC, 4GB of RAM, 64GB storage
  • MicroSD slot, dual-SIM connectivity
  • 16MP camera at the back with PDAF
  • Dolby Atmos sound with stereo speakers
  • Bluetooth 4.1, LTE, 3000mAh battery, and a fingerprint sensor
  • Runs Android 7.0 Nougat out of the box

Nokia was once the world’s dominant cellphone maker but missed the shift to smartphones, and then chose Microsoft’s Windows operating system for its “Lumia” range.

After the 2014 deal, Microsoft continued selling cheaper basic phones under Nokia’s name and Lumia smartphones under its own name, but last year, it largely abandoned both businesses.

HMD in December took over the Nokia feature phones business and struck a licensing deal that gave it sole use of the Nokia brand on all phones and tablets for the next decade.

It will pay Nokia royalties for the brand and patents, but Nokia has no direct investment in HMD. Nokia Oyj is currently focused on telecom network equipment business and technology patents.