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Xiaomi was co-founded by eight partners on 6 April 2010. In the first round of funding, institutional investors included Temasek Holdings, a Singaporean government-owned investment company, the Chinese venture capital funds IDG Capital and Qiming Venture Partners, and mobile processor developer Qualcomm. On 16 August 2010, Xiaomi officially launched its first Android-based firmware MIUI. The Xiaomi Mi1 smartphone was announced in August 2011. It was shipped with Xiaomi’s MIUI firmware which is based on Android and resembles Samsung’s TouchWiz and Apple’s iOS. The device could also be equipped with stock Android.
In August 2012 Xiaomi announced the Xiaomi Mi2 smartphone. The phone was powered by Qualcomm’s Snapdragon S4 Pro APQ8064, a 1.5 GHz quad-core Krait chip featuring with 2 GB of RAM and the Adreno 320 GPU. The company said on 24 September 2013 that the company had sold over 10 million Mi2 devices over the preceding 11 months. Mi-2 smartphones were sold by wireless phone vendor Mobicity in Australia, Europe, New Zealand, the UK and the US. On 5 September 2013, Xiaomi CEO Lei Jun announced plans to launch an Android-based 47-inch 3D-capable Smart TV, which will be assembled by Sony TV manufacturer Wistron Corporation of Taiwan. The company explained the choice as to take advantage of Wistron’s skill as a supplier of Sony. In September 2013, Xiaomi announced its Mi3 phone, with a version powered by the Snapdragon 800 (MSM8974AB) and another by NVIDIA’s Tegra 4 chipset., a 2.3 GHz quad-core Krait chip featuring with 2 GB of RAM and the Adreno 330 GPU. On 25 September 2013, Xiaomi announced plans to open its first service center in Beijing. By October 2013 Xiaomi was reported as the fifth-most-used smartphone brand in China. In 2013 it sold 18.7 million smartphones, and 26.1 million in the first half of 2014.
In 2014 Xiaomi announced its expansion outside China, with their first stop in Singapore. The international headquarters, which will coordinate all activities including future product launches in the region, will also be set up there. Xiaomi’s Redmi and Mi3 phone were released in Singapore on 21 February – 7 March 2014. On 7 March, Xiaomi Mi3 batches sold out within 2 minutes of the opening day sale in Singapore. Following Singapore, the company opened in Malaysia, Philippines and India, and had plans to enter Indonesia, Thailand, Russia, Turkey, Brazil and Mexico in the following months. On 17 March 2014
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