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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.
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.
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).
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.
TUYA's diverse portfolio and strong clientele make the stock lucrative. However, stretched valuation and macro headwinds can be risky.
Temasek-backed 65 Equity Partners bought 13% stake in Tuya Inc. TUYA, implying a total investment of US$100 million (or S$134M). The fund's mandate is to support high growth, mid-cap companies seeking a listing on the Singapore Exchange (SGX).
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.
Despite a 32% YTD drop, TUYA's robust portfolio, strong clientele and attractive valuation suggest that the stock can be an attractive pick right now.
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".
Tuya Inc. is a speculative buy at $1-$1.50 due to its strong revenue growth and margin expansion despite market skepticism. The company's IoT PaaS and SaaS segments show impressive growth, with total revenue up 33.6% year-over-year. Margins slightly contracted due to higher costs, but adjusted operating expenses decreased, and the company is near breakeven on an adjusted basis.