The variant of the Meilan m1 note is meant only for China Telecom subscribers. If you are one of those, you will get a model that bears a 64-bit octa-core Snapdragon 615 inside. All the rest, however, will get a 64-bit octa core MediaTek MT6752 instead. Everything else remains the same and it all boils down to processor brand preference and carrier loyalties.
The star of Meizu's show, however, is the totally new Meilan m1, which is, for all intents and purposes a smaller and unfortunately less powerful version of the colorful Meilan m1 note. Compared to the phablet, the Meilan m1 sports a 5-inch 1280x768 screen, also made by AUO, a 1.5 GHz quad-core MediaTek MT6732 CPU and 1 GB of RAM. It has only 8 GB of storage but can be augmented by a 128 GB microSD card. The cameras, however, are practically the same, with a 13 megapixel rear camera by Samsung and a 5 megapixel front shooter by OV.
Source:
http://androidcommunity.com/meizu-unveils-meilan-m1-new-m1-note-variant-lifekit-platform-20150128/