Nokia said today that it would launch a variant of its flagship smartphone, the Lumia 920, specifically for China Mobile.

The Lumia 920T will be the first Windows Phone to run on China Mobile's TD-SCDMA network. The phone is expected to hit the market by the end of the year and sell for 4,599 yuan (about $740).

This latest Nokia latest phone is important because it should allow the company to tap into China Mobile's more than 700 million customers -- the largest subscriber base in the world. China is an increasingly important market as Nokia hopes to regain its footing in the smartphone market.

The announcement comes after Nokia unveiled the low-end Lumia 620 earlier today.

The Lumia 920T is largely a clone of the Lumia 920. It boasts many of the same features, including the PureView camera with "floating lens technology," a super-sensitive display, and wireless charging capabilities.