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Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leader in IoT cloud development, dedicated to building an ecosystem that empowers developers to create smart products. Headquartered in Hangzhou, China, Tuya provides a comprehensive suite of services including Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS) solutions. The company's mission is to enable everything to be smart, transforming consumer electronics, household items, and industrial devices into intelligent products.
Tuya's IoT cloud platform is designed to support brands, OEMs, and retail chains by offering tools for hardware access, cloud services, and app software development. This closed-loop service system spans over 200 countries, including China, the United States, and Europe, serving more than 10,000 clients and millions of consumers. Tuya processes over 20 billion device requests and 6 million AI interactions daily, with accumulated data reaching 1 petabyte.
Recent achievements highlight Tuya's commitment to innovation and sustainability. The company has integrated Google's Device and Structure APIs to enhance its Smart Home sector, offering developers new opportunities while ensuring seamless connectivity and user-friendly experiences. Tuya's Smart App Solution helps developers reduce R&D costs and time by providing an inclusive service platform for app construction.
Financially, Tuya has shown resilience with a significant reduction in net losses and successful treasury strategies that bolster interest income. Partnerships with tech giants like Google, Amazon, and Alibaba, along with recent collaborations with the UN Global Compact, underscore its dedication to sustainable development and corporate social responsibility.
Tuya continues to drive industry change through its annual Global Developer Summit, which gathers experts to discuss GenAI, large language models, and green development. This event showcases Tuya's cutting-edge innovations and collaborations aimed at fostering a smarter, more sustainable world.
Tuya Smart (NYSE: TUYA, HKEX: 2391) has announced integration of its AIoT platform with DeepSeek's AI models to transform smart pet care devices. The partnership aims to address challenges in AI commercialization, where Gartner reports over 80% of AI projects fail beyond lab stage.
The collaboration comes amid projected pet industry growth of 45% in the next six years, with global revenues expected to exceed $500 billion by 2030. The integration will enable advanced features like real-time health monitoring, emotional analysis, and proactive care solutions.
The partnership showcases innovative concepts including brainwave translation collars, dream projectors, AI gene feeders, and odor socializers. These technologies aim to transform traditional pet monitoring into intelligent, proactive care systems capable of understanding pet emotions, health conditions, and social needs.
Tuya (NYSE: TUYA; HKEX: 2391), a global cloud platform service provider, has scheduled its fourth quarter 2024 unaudited financial results announcement for February 26, 2025, before market opens. The management will host a conference call at 8:00 AM Eastern Time (9:00 PM Hong Kong Time) on the same day to discuss the results.
The company has provided online registration links for both webcast and call participants. A live and archived webcast will be available on Tuya's investor relations website.
Tuya Smart (NYSE: TUYA, HKEX: 2391) has announced complete integration with Google Home APIs, marking a significant advancement in their partnership. The integration, revealed at Google I/O 2024, enables seamless connectivity between Tuya-enabled devices and the Google Home ecosystem.
As an early access partner, Tuya collaborated with Google during pre-launch testing, ensuring full compatibility with all Tuya-enabled hardware. The cloud-to-cloud integration allows users to share multiple devices without additional network configurations, managing smart devices through both Tuya-enabled and Google Home apps.
This partnership strengthens Tuya's open and neutral ecosystem strategy, creating new opportunities for manufacturers and enhancing user experience in the smart home sector.
Tuya Smart (NYSE: TUYA, HKEX: 2391) has announced a strategic partnership with Chery, a Fortune Global 500 automaker, to develop a smart car-home connectivity ecosystem. The collaboration aims to create an integrated system enabling seamless communication between vehicles and smart home devices.
Chery, which achieved over RMB 480 billion in revenue in 2024 (50% YoY growth) and sold more than 2.6 million vehicles, will leverage Tuya's cloud platform services to establish an interoperable smart home system across brands, ecosystems, and devices. The partnership will allow drivers to control home devices through their car's infotainment system and create automated scenes for lighting, air conditioning, and curtains.
The collaboration extends beyond car-home connectivity to include smart living scenarios in real estate, communities, and hospitality, positioning both companies to lead the evolution of smart living ecosystems.
Tuya Smart (NYSE: TUYA, HKEX: 2391) has unveiled a new smart door lock solution that integrates both Matter protocol and home key support for Apple Wallet. The solution enables users to unlock their doors using iPhone or Apple Watch with a simple tap. The setup process involves installing the lock, pairing it through the Home app by scanning a Matter QR code, and adding a virtual home key to Apple Wallet.
The solution features Express Mode functionality, eliminating the need to wake devices for access. Security measures include data encryption and protection against tampering. The smart lock offers multiple access methods including palm vein recognition, password entry, and app-based unlocking. Showcased at CES 2025, the product garnered significant attention.
Tuya has secured over 200 Matter certifications across five categories: electrical devices, lighting, gateways, sensors, and home appliances, demonstrating its commitment to advancing Matter-enabled smart devices globally.
Tuya Smart (NYSE: TUYA, HKEX: 2391) showcased its AI innovations at CES 2025, presenting various AI-enabled hardware products and AI Agents. The company exhibited several key products including: AI Smart Rings, projected to reach 3.1 million global shipments by 2028; AI Smart Earphones, which saw a 763.3% increase in sales in 2024; and AI Dolls, part of a market expected to grow to $35.11 billion by 2030.
The company demonstrated integration with major language model providers and introduced the Tuya AI Agent platform, featuring applications like Fitness Cheerleader, Pet Feeding Assistant, and Smart Ambient Lighting. The AI-enabled products showcase advanced features such as health monitoring, meeting transcription, and interactive companionship capabilities, positioning Tuya as a leader in smart living technology development.
Tuya Smart (NYSE: TUYA) hosted its 'Tuya Developer Day' event during CES 2025, focusing on the theme 'AI DIVE IN.' The company showcased its integration of AI capabilities with the Tuya Cloud Developer Platform, emphasizing three key areas: AI hardware development, AI Agent development, and AI infrastructure construction.
The event featured presentations from industry leaders including Amazon Web Services, Amazon Alexa, Texas Instruments, and Silicon Labs. Tuya announced successful integrations with major AI models from OpenAI, Gemini, Claude, and Amazon Nova, enabling developers to create AI hardware products through a single SDK. The company also introduced AI-powered energy management solutions and strengthened partnerships with major tech companies to enhance ecosystem integration.
Notable developments included collaboration with AWS for generative AI applications, Matter 1.4 protocol implementation for IoT devices, and partnerships with global companies like Positivo Tecnologia, FiberX, FOTILE, and Construlita for smart home and commercial applications.
Tuya Smart (NYSE: TUYA, HKEX: 2391) showcased its innovations at CES 2025 under the theme 'AI DIVE IN'. The company unveiled major upgrades to its Cloud Developer Platform, integrating AI capabilities across eight essential scenarios and supporting over 40 standardized AI hardware features.
Key highlights include integration with major AI model providers through a unified SDK, introduction of the Wi-SUN communication protocol with successful implementation in London's smart city project involving 15,000 connection nodes, and new AI-driven energy management solutions offering over 35% efficiency improvements through partnerships with 700+ energy suppliers across 32 countries.
The company also presented solutions for sustainable urban mobility, focusing on two-wheel vehicles like E-bikes, featuring real-time information display, riding navigation, and AI-powered customer service integration.
Tuya Smart (NYSE: TUYA, HKEX: 2391) presents its latest AI-driven innovations at CES 2025 in Las Vegas from January 7-10, introducing its theme 'AI DIVE IN'. The company unveils Four Signature Colors for 2025: Tech Purple, Eco Green, Distant Mountain Blue, and Vibrant Yellow, each representing different aspects of Tuya's vision.
The company highlights its partnerships with leading language models including Doubao, Tongyi Qianwen, Kimi, OpenAI, Claude, Gemini, and Amazon Nova, enabling hardware customers to integrate AI models via cloud-based or direct connections. According to IDC data cited, by 2024, over 70% of terminal devices in the Chinese market will feature AI capabilities, with AI terminals accounting for 55%.
Tuya's theme emphasizes AI's integration into daily life and its potential to transform various industries, focusing on smart technology across sectors including energy, homes, real estate, and mobility.
Tuya Smart (NYSE: TUYA, HKEX: 2391) has received two prestigious 2024 AWS Partner Awards at AWS re:Invent 2024: Sustainability Partner of the Year and Design Partner of the Year for the Greater China Region. The awards recognize Tuya's excellence in cloud development platforms and AI technologies.
As Sustainability Partner, Tuya enhanced its cloud developer platform with energy management solutions, while the Design Partner award acknowledges their integration of AWS AI technologies for hardware innovation. The company collaborated with AWS to establish a security lab and optimize AI hardware models, enabling customers to scale their operations efficiently.
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