Corporate Overview

Tuya Inc. (NYSE: TUYA and HKEX: 2391) is the world’s first IoT cloud development platform, according to CIC, with substantial first-mover advantages in the global IoT PaaS space. Through our IoT cloud development platform, we deliver a variety of offerings. Our IoT PaaS enables brands, OEMs, and developers to develop, launch, manage and monetize smart devices and services. Our SaaS offering includes Industry SaaS that enables businesses to deploy, connect, and manage large numbers and different types of smart devices in different vertical scenarios, Cloud-based Software Value-added Services that provide end users with additional smart scenario features such as cloud storage, and Cube Smart Private Cloud Solution that enables large-scale conglomerates to build their own autonomous and controllable IoT platforms. We also offer businesses, developers and end users a diverse range of other cloud-based value-added services to improve their ability to develop and manage IoT experiences. Additionally, we offer smart solutions for IoT devices in which we provide customers with smart devices that integrated intelligent software capabilities beyond IoT. Through our IoT cloud development platform, we have enabled developers to activate a vibrant IoT ecosystem of brands, OEMs, partners and end users to engage and communicate through a broad range of smart devices.

Company Highlights

6,100+

Customers

* For the year ended December 31, 2023.

265

$100K+ Customers

* IoT PaaS customers with greater than $100K in trailing 12-month revenue contribution as of December 31, 2023.

$230

Total revenue

* For the year ended December 31, 2023

46.4%

Overall Gross Margin

* For the year ended December 31, 2023

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