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Tuya Inc. American Depositary Shares each representing one Class A
Company’s shares surge 25% in the two weeks since announcing a buyback, halting an unexplained selloff.
Tuya’s shares have rallied 25% in the nine trading days since it announced a share buyback, but are still well below their levels prior to a recent unexplained selloff.
Company posted triple-digit revenue growth in the second quarter, banking on its leading position as operator of a platform for internet of things (IoT) developers.