he could make a better product. On 16 August 2010, Xiaomi launched its first Android-based firmware MIUI. In 2010, the company raised $41 million in a Series A round. In August 2011, the company launched its first phone, the Xiaomi Mi1. The device had Xiaomi's MIUI firmware along with Android installation. In December 2011, the company raised $90 million in a Series B round. In June 2012, the company raised $216 million of funding in a Series C round at a $4 billion valuation. Institutional investors participating in the first round of funding included Temasek Holdings, IDG Capital, Qiming Venture Partners and Qualcomm. In August 2013, the company hired Hugo Barra from Google, where he served as vice president of product management for the Android platform. He was employed as vice president of Xiaomi to expand the company outside of mainland China, making Xiaomi the first company selling smartphones to poach a senior staffer from Google's Android team. He left the company in February 2017. In September 2013, Xiaomi announced its Xiaomi Mi3 smartphone and an Android-based 47-inch 3D-capable Smart TV assembled by Sony TV manufacturer Wistron Corporation of Taiwan. In October 2013, it became the fifth-most-used smartphone brand in China. In 2013, Xiaomi sold 18.7 million smartphones. 2014–2017 In February 2014, Xiaomi announced its expansion outside China, with an international headquarters in Singapore. In April 2014, Xiaomi purchased the domain name mi.com for a record , the most expensive domain name ever bought in China, replacing xiaomi.com as the company's main domain name. In September 2014, Xiaomi acquired a 24.7% some part taken in Roborock. In December 2014, Xiaomi raised US$1.1 billion at a valuation of over US$45 billion, making it one of the most valuable private technology companies in the world. The financing round was led by Hong Kong-based technology fund All-Stars Investment Limited, a fund run by former Morgan Stanley analyst Richard Ji. In 2014, the company sold over 60 million smartphones. In 2014, 94% of the company's revenue came from mobile phone sales. In April 2015, Ratan Tata acquired a stake in Xiaomi. On 30 June 2015, Xiaomi announced its expansion into Brazil with the launch of locally manufactured Redmi 2; it was the first time the company assembled a smartphone outside of China. However, the company left Brazil in the second half of 2016. On 26 February 2016, Xiaomi launched the Mi5, powered by the