Is this the HTC One (M8) Ace that is being teased by HTC China?

A while ago, we came across some interesting information that just might give HTC the push it needs to establish a foothold in the smartphone world once again. According to a source for Engadget, HTC is prepping a device that aims to challenge the likes of the Galaxy S5 with similarly high-end, flagship specs, but a plastic body and a much lower price. We're talking a 5-inch, 1080p display powered by a 2.5GHz, quad-core Qualcomm Snapdragon 801 SoC and a price tag of about $480 (CN¥3,000). The device in question is said to come bearing the HTC One 'M8 Ace' moniker.

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