Private Equity Investment in China-Based Tuya
Before starting Tuya, Wang and Yang worked at Alibaba, working on trade related projects like Alibaba Cloud and O2O, which eventually became Alipay. In 2014, the two founders launched Tuya, a company that now serves customers in over 100 countries and over 10,000 households worldwide. Tuya is an internet-of-things platform that empowers kitchen and household appliances, lighting, and surveillance equipment. …