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Tuya Smart Partners with Chery to Pioneer "Car-Home Connectivity" Ecosystem
Prnewswire· 2025-02-05 08:28
NEW YORK, Feb. 5, 2025 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, has announced a partnership with Chery, a Fortune Global 500 automaker, during Chery's second Ecosystem Partner Conference of Ruixiang Life (Ruixiang Life is an ecosystem brand under Chery). The collaboration aims to create a smart cockpit, accelerate the integration of automotive and home ecosystems, and offer consumers unparalleled convenience and comfort in both travel and living spaces.C ...
Tuya to Release Smart Door Lock Solution with Matter and Home Key in Apple Wallet Support
Prnewswire· 2025-01-21 11:13
NEW YORK, Jan. 21, 2025 /PRNewswire/ --Tuya Smart (NYSE: TUYA, HKEX: 2391), the global cloud platform service provider today introduced a new smart door lock solution that supports both the Matter protocol and home key in Apple Wallet. This allows users to seamlessly and securely add a home key to Apple Wallet to access and unlock their homes with a simple tap of an iPhone or Apple Watch.Users can add their home key to Apple Wallet after an initial set up. The setup process is straightforward:- First, after ...
Is Tuya (TUYA) Stock Undervalued Right Now?
ZACKS· 2025-01-14 15:46
Company Analysis - Tuya (TUYA) is currently trading with a P/E ratio of 12.49, significantly lower than its industry average of 35.35 [2] - Over the last 12 months, TUYA's Forward P/E has ranged from 10.83 to 46, with a median of 19.44 [2] - TUYA has a P/S ratio of 2.87, which is below its industry average P/S of 3.95 [4] - TUYA is considered one of the market's strongest value stocks due to its undervaluation and strong earnings outlook [6] Industry Analysis - The industry average P/E ratio is 35.35, indicating a higher valuation compared to TUYA's P/E of 12.49 [2] - The industry average P/S ratio is 3.95, which is higher than TUYA's P/S ratio of 2.87 [4] Investment Strategy - Value investing focuses on identifying undervalued companies using fundamental analysis and traditional valuation metrics [3] - The P/S ratio is a popular metric among value investors as sales are harder to manipulate on an income statement [4] - Stocks with high Zacks Rank and "A" grades in the Value category are considered strong value stocks [5]
Tuya Smart Showcases Popular AI Innovations at CES 2025, Defining a New Standard for Future Smart Living
Prnewswire· 2025-01-10 07:21
Tuya's AI Innovations at CES 2025 - Tuya showcased a suite of cutting-edge AI solutions, including the Fitness Cheerleader, Pet Feeding Assistant, and Smart Ambient Lighting, which garnered significant attention at CES 2025 [1][4] - The company's AI Agents are built on the Tuya AI Agent development platform, empowering global customers and driving business value [1] - Tuya's innovations provide new perspectives and inspiration for developer product innovation and technology upgrades [4] AI Hardware and Smart Living - AI hardware has become a powerful driving force for life transformation, making daily actions more convenient and improving quality of life [5] - Tuya and its developers showcased AI-integrated hardware products such as smart rings, smart earphones, and visual ear picks at CES 2025 [5] - The company's AI-enabled hardware is leading the new trend in technology, creating a smarter and more comfortable living environment [5] AI Smart Rings - Global shipments of AI smart rings reached 880,000 units in 2023, with projections to reach 3.1 million by 2028 [6] - Tuya is enabling developers to create innovative AI smart rings that provide detailed monthly analysis reports and personalized recommendations [6][7] - The smart rings offer features like schedule reminders and weather updates, helping users optimize fitness, sleep, and overall quality of life [7] AI Smart Earphones - AI-enabled earphones comprised 1.4% of total sales in 2024, reflecting a 763.3% increase compared to 2023 [8] - Tuya-enabled AI smart earphones can automatically record online meetings, transcribe audio into text, and generate structured meeting minutes [9] - These earphones feature intelligent analysis capabilities, helping users extract key topics and decision points from meetings [9] AI Doll and Toy Market - The global AI toy market is projected to grow from $8.7 billion in 2022 to $35.11 billion by 2030 [3] - Tuya's AI-powered smart doll debuted at CES 2025, engaging children in communication and interaction, adapting its tone and language style [10] - The doll features scenario simulation capabilities, sparking children's imagination and creativity, and will incorporate touch-sensitive features in the future [11] Fitness Cheerleader - Tuya's Fitness Cheerleader features a virtual cat character that motivates users in their fitness routines, providing encouragement and health tips [12] - Powered by AI algorithms, the cat offers professional answers to fitness, nutrition, and health questions [13] - Future updates will integrate motion skeleton modeling and AI image generation, allowing users to customize the virtual character's appearance [13] Tuya's Leadership in AI - Tuya's showcase at CES 2025 highlights the company's leadership in the smart living space and its technical expertise in AI [14] - The company remains committed to deepening market understanding, collaborating with developers, and exploring new AI devices and solutions [14]
Tuya Smart Hosts Successful 'Tuya Developer Day' During CES 2025, Leading Industry Change with Innovative AI Technology
Prnewswire· 2025-01-10 07:08
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. Building on this vision, Tuya embraced the theme "AI DIVE IN" for its showcase, spotlig ...
Tuya Smart Shines at CES 2025, Paving the Way to a Smart Future with AI Technology
Prnewswire· 2025-01-09 08:49
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. Guided by this theme, Tuya unveiled a series of smart solutions and platform capabilities across multiple doma ...
Tuya Highlights its Theme for CES 2025: Unlocking the Door to "All Possibilities" with AI
Prnewswire· 2025-01-09 08:25
CES 2025 Participation and Theme - Tuya Smart showcases its latest AI-driven products and solutions at CES 2025, aligning with the event's theme and introducing its own variation, "AI DIVE IN" [1][2] - The company releases its Four Signature Colors for 2025: Tech Purple, Eco Green, Distant Mountain Blue, and Vibrant Yellow, which embody its vision for the future [2] AI Integration and Industry Impact - AI is becoming ubiquitous, integrating into every corner of human life and transforming the physical world [3] - By 2024, more than 70% of terminal devices in the Chinese market will feature AI capabilities, with AI terminals accounting for 55% [5] - Tuya's CES 2025 theme "AI DIVE IN" emphasizes the importance of embracing AI to avoid being left behind in the technological revolution [5][6] Tuya's AI Development and Partnerships - Tuya collaborates with advanced large language models such as Doubao, Tongyi Qianwen, Kimi, OpenAI, Claude, Gemini, and Amazon Nova to enable seamless AI integration for hardware customers [7] - The company showcases its newly designed AI development platform and groundbreaking AI-powered products at CES 2025 [7] Tuya's Vision and Future Development - Tuya's Chinese theme "Yu AI Tong Xing" translates to "Journeying with AI," reflecting the company's focus on innovative integration of AI, cloud computing, and other cutting-edge technologies [7] - The phrase "Zhi Ze Wan Xiang" highlights the arrival of the AI era, which is permeating all aspects of human life and empowering various industries [8] - AI serves as a key to the future, allowing humanity to tackle challenges more wisely and benefit from its rewards [9] Tuya's Four Signature Colors and Their Meanings - Tech Purple symbolizes Tuya's commitment to cutting-edge technology and innovation [11] - Eco Green represents Tuya's vision of creating a green intelligent ecosystem, integrating smart technology across various sectors to build a zero-carbon future [12] - Distant Mountain Blue conveys professionalism and trust, symbolizing Tuya's openness and spirit of exploration [13] - Vibrant Yellow reflects the enthusiasm and energy of the Tuya team, driving AI innovation and the creation of groundbreaking products [14] Conclusion - Tuya showcases its profound knowledge and forward-looking vision in the AI field at CES 2025, painting a colorful technological picture for global developers with its Four Signature Colors [15] - The company will continue to explore AI technology with global partners, adhering to a neutral and open development philosophy to create a better smart life for users [15]
Tuya Smart Awarded 2024 AWS Partner Award, Accelerating Global Intelligence
Prnewswire· 2024-12-26 07:03
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. Held annually in Las Vegas, AWS re:Invent is the world's largest cloud computing technology event, bringing together global industry leaders and innovators. The 2 ...
Tuya Rises 19% in 3 Months: How Should Investors Play the Stock?
ZACKS· 2024-12-23 16:31
Tuya (TUYA) shares have risen 19.2% in the past three months, significantly outpacing the Zacks Computer and Technology and the Zacks Internet - Software industry’s return of 6.8% and 8.1%, respectively. The stock has also outperformed the Technology Select Sector SPDR Fund (XLK) ETF’s three-month return of 5.5%.This outperformance highlights Tuya's strong financial standing, growing SaaS ecosystem and steady revenue growth. The company is benefiting from its strategic focus on enterprise partnerships, tech ...
Tuya Smart's HEMS Recognized in UNGC "20 CASES FOR 20 YEARS" of Private Sector Sustainable Development in China
Prnewswire· 2024-11-29 10:23
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.This year marks the 20th anniversary of the introduction of the ESG concept. To commemorate ...