Hugo Barra as you all know has left Xiaomi for his next job at Facebook. Mark Zuckerberg officially announced that Hugo will lead the Facebook VR including Oculus team. Hugo had spent nearly 3.5 years with Xiaomi.
After the news about Hugo Barra leaving Xiaomi there were speculations that he would start his own startup, however it now clear that it is not the case. In fact Facebook CEO Mark Zuckerberg confirmed this on Facebook that Hugo is joining Facebook VR and both Hugo and Mark also posted their image in VR.
You can check the post on Facebook.