Tuya Inc. develops Internet of Things (IoT) cloud platform worldwide. The company provides IoT Platform-as-a-Service that enables brands, original equipment manufacturers, and developers to develop, launch, manage, and monetize smart devices and services; industry Software-as-a-Service, which enables businesses to deploy, connect, and manage various types of smart devices. It also offers a wide range of cloud-based value-added services to businesses, developers, and end users to develop and manage IoT experiences. In addition, the company sells finished smart devices. It offers its solutions to smart home, smart business, healthcare, education, agriculture, outdoors and sport, and entertainment industries. The company was incorporated in 2014 and is based in Hangzhou, the People's Republic of China.
IPO Year: 2021
Exchange: NYSE
Website: https://www.tuya.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2024 | Neutral → Buy | Goldman | |
| 11/29/2023 | Equal-Weight → Overweight | Morgan Stanley | |
| 2/22/2022 | $9.19 → $7.20 | Overweight → Equal-Weight | Morgan Stanley |
SANTA CLARA, Calif., Feb. 14, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading cloud platform service provider, today announced that it will report its fourth quarter 2024 unaudited financial results before the market opens on Wednesday, February 26, 2025. Tuya's management will hold a conference call at 08:00 A.M. Eastern Time on Wednesday, February 26, 2025 (09:00 P.M. Hong Kong Time on the same day) to discuss the financial results. In advance of the conference call, all participants must use the following links to complete the online registration process. Upon registering, each participant will receive the dial-in information and a uniq
NEW YORK, Feb. 10, 2025 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global cloud platform service provider, recently announced the full integration of its smart ecosystem with Google Home APIs. This partnership marks a significant advancement in the collaboration between Tuya and Google, addressing compatibility challenges in smart devices while offering end-users an enhanced, intelligent, and seamless living experience. Unveiled at Google I/O 2024, the Google Home APIs streamline the development and integration of smart home devices. These advanced interfaces enable developers to efficiently create products that integrate seamlessly with Google Home. As an early access partner,
NEW YORK, Feb. 5, 2025 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global cloud platform service provider, has announced a partnership with Chery, a Fortune Global 500 automaker, during Chery's second Ecosystem Partner Conference of Ruixiang Life (Ruixiang Life is an ecosystem brand under Chery). The collaboration aims to create a smart cockpit, accelerate the integration of automotive and home ecosystems, and offer consumers unparalleled convenience and comfort in both travel and living spaces. Car-Home Connectivity: Redefining the Future of Smart Spaces Chery, a pioneer in Chinese automotive technology and a trailblazer in export innovation, has consistently set benchmarks in t
NEW YORK, Jan. 21, 2025 /PRNewswire/ --Tuya Smart (NYSE:TUYA, HKEX: 2391)), the global cloud platform service provider today introduced a new smart door lock solution that supports both the Matter protocol and home key in Apple Wallet. This allows users to seamlessly and securely add a home key to Apple Wallet to access and unlock their homes with a simple tap of an iPhone or Apple Watch. Users can add their home key to Apple Wallet after an initial set up. The setup process is straightforward: - First, after installing the smart door lock, the user should put the device into pairing mode.- Next, open the Home app and scan the Matter QR code on the door lock to add it to the app.- Once adde
LAS VEGAS, Jan. 10, 2025 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global cloud platform service provider, presented its cutting-edge innovations at CES 2025, which not only showcased numerous cutting-edge technological achievements but also provided new perspectives and inspiration for developer product innovation and technology upgrades. Tuya Smart teamed up with developers to exhibit popular AI products, covering a wide range of personalized AI hardware and AI Agents, which will lead the new trend of future smart living and enable more convenient and intelligent living experiences. Tuya-Enabled AI Hardware Leading the New Trend in Technology Currently, AI hardware has become
LAS VEGAS, Jan. 10, 2025 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global cloud platform service provider, successfully hosted its highly anticipated Tuya Developer Day event during CES 2025. This year's CES theme "DIVE IN" brought innovators, decision-makers, visionaries, and potential partners from across the global tech companies and ecosystem to explore cutting-edge advancements shaping modern lifestyles. Building on this vision, Tuya embraced the theme "AI DIVE IN" for its showcase, spotlighting the transformative fusion of AI with smart products and innovative solutions to drive industry growth and evolution. To further this mission, Tuya Developer Day welcomed distinguis
LAS VEGAS, Jan. 9, 2025 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global cloud platform service provider, showcased its cutting-edge innovations under the theme "AI DIVE IN" at CES 2025. The initiative demonstrates how AI technology integration with hardware products and solutions can create smarter and more sustainable living environments while driving global technological innovation. Guided by this theme, Tuya unveiled a series of smart solutions and platform capabilities across multiple domains, including AI, energy, and mobility. The presentations not only earned widespread acclaim from visitors but also inspired developers worldwide in the fields of AI hardware and applica
LAS VEGAS, Jan. 9, 2025 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global cloud platform service provider, showcases its latest AI-driven products and solutions at CES 2025, taking place from January 7 to 10 in Las Vegas, Nevada, USA. Tuya aligns with the CES 2025 theme while developing its own variation, "AI DIVE IN" (in Chinese Pin Yin: Yu AI Tong Xing, Zhi Ze Wan Xiang). Additionally, Tuya releases its Four Signature Colors for 2025, including Tech Purple, Eco Green, Distant Mountain Blue, and Vibrant Yellow, which embody Tuya's vision for the future. AI is at the forefront of technological development and is ubiquitous, as its presence subtly shifts from visible to invisible
NEW YORK, Dec. 26, 2024 /PRNewswire/ -- On December 3, 2024, Tuya Smart (NYSE:TUYA, HKEX: 2391)), the global cloud platform service provider, received the 2024 Geo and Global AWS Partner Awards at the AWS re:Invent 2024 event. The company won two awards in the Greater China Region: Sustainability Partner of the Year and Design Partner of the Year. Held annually in Las Vegas, AWS re:Invent is the world's largest cloud computing technology event, bringing together global industry leaders and innovators. The 2024 Geo and Global AWS Partner Awards celebrate partners who have exemplified specialization, innovation, and collaboration over the past year. Winners are evaluated through a rigorous an
NEW YORK, Nov. 29, 2024 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global cloud platform service provider, was recognized at the "20 CASES FOR 20 YEARS" of Private Sector Sustainable Development in China organized by UNGC, for its innovative Home Energy Management System (HEMS). This recognition highlights Tuya's deep commitment to ESG principles and its comprehensive dedication to sustainable development. This year marks the 20th anniversary of the introduction of the ESG concept. To commemorate this milestone, UNGC launched the "20 CASES for 20 YEARS" initiative, inviting submissions from businesses operating in China. Following a rigorous evaluation process conducted by a cas
SANTA CLARA, Calif., Feb. 14, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading cloud platform service provider, today announced that it will report its fourth quarter 2024 unaudited financial results before the market opens on Wednesday, February 26, 2025. Tuya's management will hold a conference call at 08:00 A.M. Eastern Time on Wednesday, February 26, 2025 (09:00 P.M. Hong Kong Time on the same day) to discuss the financial results. In advance of the conference call, all participants must use the following links to complete the online registration process. Upon registering, each participant will receive the dial-in information and a uniq
SANTA CLARA, Calif., Nov. 18, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading cloud platform service provider, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Total revenue was US$81.6 million, up approximately 33.6% year over year (3Q2023: US$61.1 million).IoT platform-as-a-service ("PaaS") revenue was US$57.9 million, up approximately 26.4% year over year (3Q2023: US$45.8 million).Software-as-a-service ("SaaS") and others revenue was US$9.9 million, up approximately 16.7% year over year (3Q2023: US$8.5 million).Smart solution revenue was US$13.8 milli
SANTA CLARA, Calif., Nov. 5, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading cloud platform service provider, today announced that it will report its third quarter 2024 unaudited financial results after the market closes on Monday, November 18, 2024. Tuya's management will hold a conference call at 07:30 P.M. Eastern Time on Monday, November 18, 2024 (08:30 A.M. Hong Kong Time on Tuesday, November 19, 2024) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive the dial-in information and a
SANTA CLARA, Calif., Aug. 26, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced that the board of directors of the Company (the "Board") has approved the declaration of a special cash dividend. Declaration of Special Dividend and Record Date On August 26, 2024, the Board has approved the declaration and distribution of a special dividend (the "Special Dividend") of US$0.0589 per ordinary share, or US$0.0589 per ADS, to such holders as at the close of business on September 11, 2024, Hong Kong Time and New York Time, respectively. The aggregate amount of the Special Dividend will be approximatel
SANTA CLARA, Calif., Aug. 26, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced its unaudited financial results for the second quarter ended June 30, 2024 and the declaration of a special cash dividend. Second Quarter 2024 Financial Highlights Total revenue was US$73.3 million, up approximately 28.6% year over year (2Q2023: US$57.0 million).IoT platform-as-a-service ("PaaS") revenue was US$54.3 million, up approximately 32.0% year over year (2Q2023: US$41.1 million).Software-as-a-service ("SaaS") and others revenue was US$9.6 million, up approximately 2.4% year over year (2Q2023: US$9.4 millio
SANTA CLARA, Calif., Aug. 7, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391))), a global leading cloud platform service provider, today announced that it will report its second quarter 2024 unaudited financial results after the market closes on Monday, August 26, 2024. Tuya's management will hold a conference call at 08:30 P.M. Eastern Time on Monday, August 26, 2024 (08:30 A.M. Hong Kong Time on Tuesday, August 27, 2024) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive the dial-in information and a uni
SANTA CLARA, Calif., May, 20, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391))), a global leading cloud platform service provider, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Total revenue was US61.7 million, up approximately 29.9% year over year (1Q2023: US$47.5 million).IoT platform-as-a-service ("PaaS") revenue was US$45.6 million, up approximately 35.7% year over year (1Q2023: US$33.6 million).Software-as-a-service ("SaaS") and others revenue was US$8.6 million, up approximately 1.8% year over year (1Q2023: US$8.5 million).Smart solution revenue was US$7.5 million, up
SANTA CLARA, Calif., May 6, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391))), a global leading IoT cloud development platform, today announced that it will report its first quarter 2024 unaudited financial results after the market closes on Monday, May 20, 2024. Tuya's management will hold a conference call at 08:30 P.M. Eastern Time on Monday, May 20, 2024 (08:30 A.M. Hong Kong Time on Tuesday, May 21, 2024) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive details for this conference including an acce
SANTA CLARA, Calif., Feb. 27, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading IoT cloud development platform, today announced its unaudited financial results for the fourth quarter ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Total revenue was US$64.4 million, up approximately 42.2% year over year (4Q2022: US$45.3 million).IoT platform-as-a-service ("PaaS") revenue was US$47.2 million, up approximately 44.6% year over year (4Q2022: US$32.6 million).Software-as-a-service ("SaaS") and others revenue was US$9.5 million, up approximately 19.3% year over year (4Q2022: US$7.9 million).Overall gross margin increased to 47.3%,
SANTA CLARA, Calif., Feb. 8, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391))), a global leading IoT cloud development platform, today announced that it will report its fourth quarter 2023 unaudited financial results after the market closes on Tuesday, February 27, 2024. Tuya's management will hold a conference call at 07:30 P.M. Eastern Time on Tuesday, February 27, 2024 (08:30 A.M. Beijing Time on Wednesday, February 28, 2024) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive details for this conferen
Goldman upgraded Tuya from Neutral to Buy
Morgan Stanley upgraded Tuya from Equal-Weight to Overweight
Morgan Stanley downgraded Tuya from Overweight to Equal-Weight and set a new price target of $7.20 from $9.20 previously
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6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
NEW YORK, Nov. 21, 2024 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global cloud platform service provider, in partnership with Biosphere 3, successfully hosted a side event titled "Sustainable Communities and Technology Applications" in the COP29 Blue Zone. The company also participated in an additional side event "Energy Transition: Challenges and Opportunities". These engagements explored the innovative applications of smart technology in energy transition and carbon reduction, emphasizing its potential to transform various areas of life and production. Through these efforts, Tuya aims to collaborate with global partners to foster greener, more sustainable, and prosperous commu
SANTA CLARA, Calif., Nov. 18, 2024 /PRNewswire/ -- Tuya, Inc. ("Tuya" or the "Company", together with its subsidiaries and consolidated affiliated entities, the "Group") (NYSE:TUYA, HKEX: 2391)), a global leading cloud platform service provider, today announced that the board (the "Board") of directors of the Company has appointed Ms. Zhang Yan ("Ms. Zhang") to serve as a director with immediate effect. Ms. Zhang has been serving as the vice president of finance of the Company and several major subsidiaries since January 2021. Ms. Zhang is responsible for the finance of the Group. Prior to joining the Company, Ms. Zhang worked at Ernst & Young Hua Ming LLP from December 2009 to January 2021
NEW YORK, Nov. 11, 2024 /PRNewswire/ -- From November 11 to 22, 2024, the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) is set to commence in Baku, the capital of Azerbaijan. Tuya Smart (NYSE:TUYA, HKEX: 2391)), a leading global cloud platform service provider, is poised to make a significant appearance at this pivotal event, representing the technology sector. The company will host and participate in a series of high-level events within the COP29 blue and green zones, collaborating with international partners to tackle the pressing challenges of climate change and promote sustainable development for human society. This year's COP29 will
NEW YORK, June 11, 2024 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391))), a global cloud platform service provider, grandly opened the TUYA Global Developer Summit in Futian, Shenzhen. The conference, themed "GenAI + IoT: Driving Smarter Spaces," saw Tuya Smart, collaborate with developers from around the world to deeply explore the innovative applications and best practices of generative AI across various industries. One of the highlights was the sub-forum themed "Navigating industry innovation - the Developer's influence," which sparked widespread discussion. The forum featured prominent speakers including Xue Ya, President of Delos Asia & International WELL Building Institute Asia; Y
LAS VEGAS, Jan. 12, 2024 /PRNewswire/ -- Tuya Smart ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391))), a global IoT developer service provider, unveiled its innovative Home Energy Management System (HEMS) and Net Zero Solutions at CES 2024, as the highlight of its presentation. The showcase garnered significant attention and acclaim from attendees, reinforcing Tuya's position as a key player in the smart energy industry. Tuya's HEMS Revolutionizes Household Energy Management In response to transformative changes in the global energy landscape, Tuya introduced its Home Energy Management System (HEMS). Amid rising global energy consumption and increased demand for stable, self-sufficient, a
SANTA CLARA, Calif., June 20, 2023 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391))), a global leading IoT cloud development platform, today announced results of the annual general meeting held at 2:00 p.m., Hong Kong time, on June 20, 2023 in Hangzhou, China. Additionally, the Company announced changes to its board of directors (the "Board") and audit committee of the Board (the "Audit Committee"). Results of Annual General Meeting The Company announced that each of the proposed resolutions submitted for shareholders' approval (the "Proposed Resolutions") as set forth in the notice of annual general meeting dated May 10, 2023, Hong Kong time, have been adopted at
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