According to Benchmark listing, it is powered by MT6765 chipset clocked at 2GHz. with 2GB of RAM and running the phone is Android 8.1.0. The phone has scored 802 points in single-core and 2334 points in the multi-core tests.
Xiaomi cereus will be Powered by 2.0 GHz Octa-Core MT6765 Processor with 3GB RAM and runs on Android 8.0 Oreo. The Phone Scores 745 on Single Core and 3562 on Multicore.
No More details have been leaked yet. Xiaomi cactus and Xiaomi cereus could be entry level budget smartphones in Redmi Series.
Also Read: Upcoming Xiaomi Phones in 2018
Two New Android One Phones coming from Xiaomi
Xiaomi Valentino with Snapdragon 638, 6GB RAM Leaked
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