Tuya is an IoT (Internet of Things) solutions provider. Co. is engaged in offering PaaS (Platform-as-a-Service) and Software-as-a-Service (SaaS) solutions to business customers developing IoT devices, including brands and their OEMs (original equipment manufacturer). Co.'s Industry SaaS offering enables businesses to deploy, connect, and manage large numbers and different types of smart devices. Co. also offers businesses, developers and end users a range of cloud-based value-added services for the development and management of IoT experiences. In addition, Co. sells finished smart devices powered by Tuya purchased from qualified OEMs.