First In The World, Bendable Smartphone

Chinese products was not only able to mimic the design of well-known products such as  iPhone and Galaxy S. But now,  they are able to offer products with their own creative designs.
Startup from China, Moxi has introduced a smartphone that can be bent like watch. Obviously it's still offers functions like regular smartphone. Unfortunetely,  it still has black and white screen alias monochrome, Moxi will sell bendable smartphones to public at USD 760 they try compete with the price of iPhone.

They are confident of being able to make model in color screen on next two years. What about LG and Smasung? Is it time to mimic the Chinese products.