TUYA(US:TUYA) 智通财经网·2025-04-03 07:05Core Viewpoint - Tuya Smart's former CFO Liu Yao has joined xTool, a Shenzhen-based laser engraving machine company, to prepare for its potential IPO in Hong Kong or the US [1] Group 1: Company Developments - Liu Yao has extensive experience, having completed over $10 billion in financing projects and served as CFO at Tuya Smart, which went public on the NYSE in 2021 and completed a dual listing in Hong Kong in 2022 [1] - xTool, established in 2021 under the parent company Makeblock, focuses on consumer-grade laser engraving and cutting machines, transitioning from its initial industrial-grade laser equipment [2] - xTool's revenue exceeded 1 billion yuan in 2023, with projections for 2024 revenue between 2 billion to 3 billion yuan [1] Group 2: Strategic Moves - xTool is exploring product diversification beyond laser printers, having participated in the B-round financing of Snapmaker, a company specializing in 3D printers [2] - The company aims to leverage Liu Yao's financial expertise to enhance its market position and facilitate the upcoming IPO process [1]