02391.HK

Tuya Inc. (NYSE:TUYA) is a Chinese technology company founded in 2014 and headquartered in Hangzhou, China. The company went public on the New York Stock Exchange in March 2021. Tuya operates as a leading Internet of Things (IoT) cloud platform provider, enabling businesses worldwide to develop, deploy, and manage smart connected devices. After experiencing challenges in 2022-2023 due to market headwinds and inventory destocking cycles, the company achieved its first year of operational profitability in 2024, marking a significant turnaround in its business trajectory.