Tuya

TUYA

Tuya Inc. (Chinese: 涂鸦智能; lit. 'Graffiti Intelligence'; dba Tuya Smart) is a Chinese artificial intelligence and Internet of things (IoT) platform as a service provider founded in 2014. 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 the U.S. initial public offering and trades 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 was 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 connectivity standard.

Tuya has been a target of short sellers for a while. The current short interest of 0.56% is roughly at the average of the last 12 months (0.61%).