Tuya Smart Concludes its First AI+IoT Business Conference Focused on Hong Kong

HONG KONG, China, June 15, 2021—Tuya Smart (NYSE: TUYA), a leading global IoT cloud platform, today concluded its first ever AI+IoT Business Conference Online focused on Hong Kong. Themed 「Joint Efforts & Prosperous Growth」 the conference aimed to promote the intelligent upgrading of traditional industries in Hong Kong to bring benefits to the everyday life of local consumers.

The virtual conference was part of Tuya』s larger strategy to showcase IoT industry ecosystem and business opportunities to developers in countries and regions around the world. In recent years Hong Kong has vigorously promoted the development of state-of-the-art technologies while leveraging local advantages. Hong Kong is also committed to becoming a smarter city. With the dynamic rise of various smart industries Hong Kong is becoming a consumer market suitable for IoT products. According to data from Digital Market Outlook, revenue from the smart home market in Hong Kong is expected to reach 215.06 million U.S. dollars by 2025. Conference speakers included industry veterans from RHT Industries Limited, Earn Well Technology Limited, City University of Hong Kong, IOT HK Association and Tuya Smart. Speakers shared experiences and learnings on topics such as glocalization, IoT technology and industry trends.