Tuya is a global Internet of Things (IoT) cloud platform provider that enables device manufacturers, brand owners, and system integrators to develop, deploy, and manage connected smart devices across home, shared services, and smart city applications. The company operates a cloud-based ecosystem serving customers primarily in China and expanding internationally, offering Platform-as-a-Service (PaaS) infrastructure that provides cloud management, data analytics, device connectivity, and consumer-facing applications, along with Software-as-a-Service (SaaS) solutions and professional services. Tuya generates revenue through subscription-based fees tied to platform usage, device connections, transaction volume, and feature access, benefiting from network effects as additional manufacturers and devices join its ecosystem and increase the platform's value to participants.