Company:Tuya Inc.

From HandWiki
Tuya Inc.
Native name
杭州涂鸦科技有限公司
TypePublic
FoundedJune 16, 2014; 12 years ago (2014-06-16) in Hangzhou, China
FounderXueji (Jerry) Wan
Area served
Worldwide
Revenue
  • Increase US$302 million[1] (2021)
  • US$180 million[1] (2020)
Websitetuya.com

Tuya Inc. (Chinese: 涂鸦智能; literally: 'Graffiti Intelligence'; dba Tuya Smart) is a Chinese artificial intelligence and Internet of things (IoT) platform as a service (PaaS) provider founded in 2014.

Company

The company provides a cloud development and management platform to developers, brands, and OEMs to program, manage, and monetize smart home and IoT devices.[2]

Tuya is supported by New Enterprise Associates and Tencent. In March 2021 it raised $915 million in a U.S. initial public offering on the NYSE.[3] It launched a global offering on the Hong Kong Stock Exchange in July 2022,[4] giving itself dual primary listings in Hong Kong and New York.[5] Tuya is incorporated in the Cayman Islands.[1]

Internationally, Tuya partners with companies including Schneider Electric, Lenovo, and Philips.[6] It is a member on the board of directors of the Connectivity Standards Alliance[7] and has committed to supporting the Matter connectivity standard.[8][9]

Media reports

In 2021, multiple media outlets reported an investigation by cybersecurity firm Dark Cubed, suggesting that Tuya's network-connected devices were subject to China's Data Security Law, and "are woefully insecure and sending data to China."[10][11]

Tuya Smart was invited to and participated in the China-Europe Cyber Norms Forum, co-hosted by the Research Center for Global Cyberspace Governance (RCGCG) and the Cyber Security Governance of Leiden University in The Hague, Netherlands, on March 20, 2024. The forum brought together experts and professionals from the European Institute for Security Studies, the Cyber Security Governance of Leiden University, DigiChina, Bonn University, and TÜV SÜD. Representatives from prominent EU programs, such as the EU Cyber Direct-EU Cyber Diplomacy Initiative project and The Hague Programme on International Cyber Security, were also in attendance to collectively explore the latest developments and emerging trends in cybersecurity."[12][13][14]

References

  1. ↑ 1.0 1.1 1.2 "Annual and Transition Report (foreign private issuer) for the fiscal year ended December 31, 2021". Tuya Inc.. https://d18rn0p25nwr6d.cloudfront.net/CIK-0001829118/7d704433-8785-4e47-95c3-fc6346e29081.pdf. Retrieved 2022-07-12. 
  2. ↑ Chen, Qin (2022-07-05). "Tuya launches Hong Kong IPO and prepares for growth overseas" (in en-US). http://technode.com/2022/07/05/tuya-launches-hong-kong-ipo-and-prepares-for-accelerated-growth-overseas/. 
  3. ↑ Fioretti, Julia (2021-03-17). "China's Tuya Is Poised to Raise $915 Million in U.S. IPO". https://www.bloomberg.com/news/articles/2021-03-18/china-s-tuya-is-said-poised-to-raise-915-million-in-u-s-ipo. 
  4. ↑ "Tuya Smart made its dual listing on Hong Kong Stock Exchange" (in en-US). 2023-08-28. https://legaloneglobal.com/deal/Tuya-Smart-made-its-dual-listing-on-Hong-Kong-Stock-Exchange-1671463595167. 
  5. ↑ "IoT Platform Firm Tuya Completes Hong Kong IPO" (in en-US). 2022-07-05. https://pandaily.com/iot-platform-firm-tuya-completes-hong-kong-ipo/. 
  6. ↑ "IoT Cloud Platform Tuya Smart to Debut on Hong Kong" (in en-US). 2022-06-22. https://pandaily.com/iot-cloud-platform-tuya-smart-to-debut-on-hong-kong/. 
  7. ↑ "Tuya Joins the Alliance Board of Directors" (in en-US). 2020-06-23. https://csa-iot.org/newsroom/tuya-joins-zigbee-alliance-board/. 
  8. ↑ "Tuya Now Supports Matter Smart Home Standard" (in en-US). 2022-01-12. https://www.cepro.com/news/tuya-now-supports-matter-smart-home-standard/. 
  9. ↑ "Tuya Smart app instructions" (in en-US). 2022-01-12. https://www.thefantasyninjas.com/tuya-smart-tutorials/. 
  10. ↑ Brands, Hal; Kitchen, Klon (2021-07-30). "Tuya may be the China threat that beats Russia's ransomware attacks" (in en-US). https://thehill.com/opinion/cybersecurity/564962-tuya-may-be-the-china-threat-that-beats-russias-ransomware-attacks/. 
  11. ↑ "Cybersecurity Experts Worried by Chinese Firm's Control of Smart Devices" (in en). 2021-08-21. https://www.voanews.com/a/east-asia-pacific_voa-news-china_cybersecurity-experts-worried-chinese-firms-control-smart-devices/6209815.html. 
  12. ↑ "Tuya Smart Shares Front-line Insights to Advance Discussions on Cyber Norms in Europe" (in en-US). 2024-05-28. https://markets.ft.com/data/announce/detail?dockey=600-202403210606PR_NEWS_EURO_ND__EN67494-1. 
  13. ↑ "Tuya Smart Shares Cybersecurity Insights at European Cyber Norms Forum" (in en-US). 2024-05-28. https://bitperfect.pe/en/tuya-smart-shares-cybersecurity-insights-at-european-cyber-norms-forum/. 
  14. ↑ "Tuya Smart Shares Front-line Insights to Advance Discussions on Cyber Norms in Europe" (in en-US). 2024-05-28. https://www.finanzen.net/nachricht/aktien/tuya-smart-shares-front-line-insights-to-advance-discussions-on-cyber-norms-in-europe-13360313. 
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