Tuya Inc. (; dba Tuya Smart) is a Chinese

artificial intelligence Artificial intelligence (AI) is intelligence—perceiving, synthesizing, and inferring information—demonstrated by machines, as opposed to intelligence displayed by animals and humans. Example tasks in which this is done include speech re ...

and

Internet of things The Internet of things (IoT) describes physical objects (or groups of such objects) with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other comm ...

(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 Tencent Holdings Ltd. () is a Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the w ...

. In March 2021 it raised $915 million in a U.S.

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 ...

on the

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 s ...

. It launched a global offering on the

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 repor ...

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 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, ...

, and

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 i ...

. It is a member on the

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 organiz ...

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 volume. All everyday objects that can be touched are ultimately composed of atoms, which are made up of interacting subatomic partic ...

connectivity standard.

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." 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."

References

External links

* {{Official website Companies of China