Source: http://gizmodo.com/hisense-sero-7-pro-hands-on-a-fantastic-nexus-7-clone-509516366
Contrary to some rumors, Google didn't announce a refreshed Nexus 7 at I/O a little while back
The Sero 7 Pro has all the Nexus 7-y features you want. A 1200 x 800 resolution screen, a Tegra 3 quad-core processor, 1GB RAM, and stock Android 4.2.2. All for $150. The compromise is that storage is capped at a meager 8GB, but to ease the blow, the Sero 7 Pro comes with an MicroSD expansion slot. And, it even has the Nexus 7 beat by including a 5MP rear-facing camera, and HDMI output. HP's Slate 7
We got a little hands on time and the Sero 7 Pro doesn't feel like a cheap tablet. It's got a solid build, remeniscient of the Nexus 7 it's trying so hard to app. The back is hard, textured plastic that feels less than premium, but not all out bad. The performance is smooth, thanks to Nvidia's Tegra 3, and running stock on pretty much the exact specs of a Nexus 7 delivers a pretty comparable experience. The OS does come with slight modifications via a customized launcher, with a few pack-in apps (like Walmart) but those are all easily removed. It's better than you'd expect for a $150 tablet.
We're due for a Nexus 7 refresh here sometime soon, and chances are it'll be a pretty nice overhaul of the existing model, but things like a MicroSD slot are very very unlikely to ever show up in a Nexus device. HiSense may not be the biggest name, but it's first tablet offering seems pretty damn good for the low end of the spectrum. It's rolling out to a Walmart (ugh) near you tomorrow.