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TUYA - Tuya Focuses On Staying The Course In The Face Of Global Turbulence
Tuya Inc. American Depositary Shares each representing one Class A
IoT platform as a service (PaaS) company blames inflation, chip shortage on bumpy demand from its core IoT device customers.
Tuya reports its revenue grew 44.9% in the third quarter, as factors like high shipping prices and global inflation affected demand for smart internet-connected products.
Company’s shares look undervalued compared to peers, possibly due to political factors that look overblown.