Tuya Inc.
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Tuya Inc.
Tuya Inc. (; 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. 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. It launched a global offering on the Hong Kong Stock Exchange in July 2022, giving itself dual primary listings in Hong Kong and New York. Tuya is incorporated in the Cayman Islands. Internationally, Tuya partners with companies including Schneider Electric, Lenovo, and Philips. It is a member on the board of directors of the Connectivity Standards Alliance and has committed to supporting the Matter In classical physics and general chemistry, matter is any substance that has mass and takes up space by having volum ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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NYSE
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is by far the List of stock exchanges, world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE Trading room, trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street (Manhattan), Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of Security (finance), securities trading in New York ...
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Matter (standard)
Matter, formerly Project Connected Home over IP (CHIP), is a proprietary standard for home automation that is royalty-free, with manufacturers only incurring certification costs. Announced on 18 December 2019, Matter aims to reduce fragmentation across different vendors, and achieve interoperability among smart home devices and Internet of things (IoT) platforms from different providers. The project group was launched and introduced by Amazon, Apple, Google, Comcast and the Zigbee Alliance, now Connectivity Standards Alliance (CSA). Subsequent members include IKEA, Huawei, and Schneider. Matter-compatible software updates for many existing hubs became available in late 2022, with Matter-enabled devices and software updates Version 1.0 of the specification was published on 4 October 2022. The Matter specification is provided at no charge upon request after providing full name, company name, email address and consenting to their privacy policy, but cannot be redistributed withou ...
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Connectivity Standards Alliance
The Connectivity Standards Alliance (CSA), formerly the Zigbee Alliance, is a group of companies that maintain and publish the Zigbee standard and the soon to be Matter standard. The name Zigbee is a registered trademark of this group, and is not a single technical standard. The organization publishes application profiles that allow multiple OEM vendors to create interoperable products. The relationship between IEEE 802.15.4 and Zigbee is similar to that between IEEE 802.11 and the Wi-Fi Alliance. Over the years, the Alliance's membership has grown to over 500 companies, including the likes of Comcast, Ikea, Legrand, Samsung SmartThings, and Amazon. The Zigbee Alliance has three levels of membership: adopter, participant, and promoter. The adopter members are allowed access to completed Zigbee specifications and standards, and the participant members have voting rights, play a role in Zigbee development, and have early access to specifications and standards for product development ...
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Board Of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germ ...
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Philips
Koninklijke Philips N.V. (), commonly shortened to Philips, is a Dutch multinational conglomerate corporation that was founded in Eindhoven in 1891. Since 1997, it has been mostly headquartered in Amsterdam, though the Benelux headquarters is still in Eindhoven. Philips was formerly one of the largest electronics companies in the world, but is currently focused on the area of health technology, having divested its other divisions. The company was founded in 1891 by Gerard Philips and his father Frederik, with their first products being light bulbs. It currently employs around 80,000 people across 100 countries. The company gained its royal honorary title (hence the ''Koninklijke'') in 1998 and dropped the "Electronics" in its name in 2013, due to its refocusing from consumer electronics to healthcare technology. Philips is organized into three main divisions: Personal Health (formerly Philips Consumer Electronics and Philips Domestic Appliances and Personal Care), Connecte ...
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Lenovo
Lenovo Group Limited, often shortened to Lenovo ( , ), is a Chinese Multinational corporation, multinational technology company specializing in designing, manufacturing, and marketing consumer electronics, Personal computer, personal computers, software, business solutions, and related services. Products manufactured by the company include Desktop computer, desktop computers, Laptop, laptops, Tablet computer, tablet computers, Lenovo smartphones, smartphones, Workstation, workstations, Server (computing), servers, Supercomputer, supercomputers, electronic storage devices, IT management software, and Smart TV, smart televisions. Its best-known brands include its ThinkPad business line of laptop computers (acquired from IBM), the IdeaPad, Lenovo Yoga, Yoga, and Lenovo Legion, Legion consumer lines of laptop computers, and the IdeaCentre and ThinkCentre lines of desktop computers. As of 2021, Lenovo is the Market share of personal computer vendors, world's largest personal computer v ...
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Schneider Electric
Schneider Electric SE is a French multinational company that specializes in digital automation and energy management. It addresses homes, buildings, data centers, infrastructure and industries, by combining energy technologies, real-time automation, software, and services. Schneider Electric is a Fortune Global 500 company, publicly traded on the Euronext Exchange, and is a component of the Euro Stoxx 50 stock market index. In FY2020, the company posted revenues of €25.2 billion. Schneider Electric is the parent company of Square D, APC, and others. It is also a research company. Head office Schneider Electric has had its head office in Rueil-Malmaison, France since 2000. This headquarters previously housed Schneider subsidiary Télémécanique while the parent company occupied a site in Boulogne-Billancourt. The company uses an international operations model wherein its key personnel and large numbers of its staff are spread across main offices in Reuil-Malmaison, Hong ...
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Cross Listing
Cross-listing (or multi-listing, or interlisting) of shares is when a firm lists its equity shares on one or more foreign stock exchange in addition to its domestic exchange. To be cross-listed, a company must thus comply with the requirements of all the stock exchanges in which it is listed, such as filing. Cross-listing should not be confused with other methods that allow a company's stock to be traded in two different exchanges, such as: * Dual listed companies, where two distinct companies (with separate stocks listed on different exchanges) function as one company. * Depositary receipts, which are only a representation of the stock, issued by a third-party bank rather than by the company itself. However, in practice the two terms are often used interchangeably. * ''Admitted for trading'', where a foreign share is accessible in a different market through an exchange convention and not actually registered within that different market. Generally such a company's primary listing ...
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Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is reported as the fastest growing stock exchange in Asia. The stock exchange is owned (through its subsidiary Stock Exchange of Hong Kong Limited) by Hong Kong Exchanges and Clearing Limited (HKEX), a holding company that it also lists () and that in 2021 became world's largest bourse operator in terms of market capitalization, surpassing Chicago-based CME. The physical trading floor at Exchange Square was closed in October 2017. History The Hong Kong securities market can be traced back to 1866, but the stock market was formally set up in 1891, when the Association of Stockbrokers in Hong Kong was established. It was renamed as The Hong Kong Stock Exchange in 1914. By 1972, Hong Kong had four stock exchanges in operation. There were subsequen ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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Hangzhou
Hangzhou ( or , ; , , Standard Mandarin pronunciation: ), also romanized as Hangchow, is the capital and most populous city of Zhejiang, China. It is located in the northwestern part of the province, sitting at the head of Hangzhou Bay, which separates Shanghai and Ningbo. Hangzhou grew to prominence as the southern terminus of the Grand Canal and has been one of China's most renowned and prosperous cities for much of the last millennium. It is a major economic and e-commerce hub within China, and the second biggest city in Yangtze Delta after Shanghai. Hangzhou is classified as a sub-provincial city and forms the core of the Hangzhou metropolitan area, the fourth-largest in China after Guangzhou-Shenzhen Pearl River agglomeration, Shanghai-Suzhou-Wuxi-Changzhou conurbation and Beijing. As of 2019, the Hangzhou metropolitan area was estimated to produce a gross metropolitan product (nominal) of 3.2 trillion yuan ($486.53 billion), making it larger than the economy of Nigeri ...
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