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Chinese software company Tuya (NYSE: TUYA) was able to raise $915 million in its initial public offering on the New York Stock Exchange, making it the second-largest Chinese corporate IPO in the United States.
Tuya Smart, an IoT development platform, and Alipay, an online payment platform owned by Alibaba, held a launch event in Hangzhou on Tuesday, announcing a hotel-centered digital business district solution.
Tuya Smart, an Internet of Things (IoT) smart product solutions provider, has reportedly been carrying out layoffs involving hundreds of employees since last year.