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TUYA - Tuya Seeks Growth But Produces Higher Operating Losses
Tuya Inc. American Depositary Shares each representing one Class A
Tuya went public in March 2021, raising around $915 million in gross proceeds in an IPO.
The firm provides technology infrastructure, Internet of Things and Platform-as-a-Service services to companies worldwide.
TUYA has grown revenue and gross profit but produces worsening operating losses, and is currently negatively affected by the Covid-19 lockdowns in China.