ASUS and HP have stepped in the Chinese market with two interesting tablet models, both with 7 inch diagonals. The products are very cheap and they will certainly steal some market share from those white box device makers.

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The newcomers are the ASUS MeMo Pad HD 7, priced below $163 (the price of the HP unit) in the 8 GB version. This model will be supplied to the Chinese market exclusively and it’s expected to debut later this month. Previously, the Acer Iconia B1-A71 tablet had an even lower price and ASUS and HP are trying to undermine that, or at least increase the price a bit and upgrade the specs.

The ASUS MeMo Pad HD 7 is particularly interesting, since its price should be around $129 in China and other emerging markets, which is very low, by anyone’s standards. The device is powered by a 1.2 GHZ MT8125 processor, a quad core unit, accompanied by 1 GB of RAM and having Android 4.2 as the OS.

In the US, the tablet will come with either 8 GB or 16 GB of storage and a bigger price.

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