UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2024
Commission File Number: 001-40210
Tuya Inc.
10/F, Building A, Huace
Center
Xihu District, Hangzhou
City
Zhejiang, 310012
People’s Republic
of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Tuya Inc. |
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By |
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/s/
Yi (Alex) Yang |
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Name |
: |
Yi (Alex) Yang |
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Title |
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Chief Financial Officer |
Date: November 18, 2024
Exhibit 99.1
Tuya Announces Anchor Investment by 65 Equity Partners
SANTA
CLARA, Calif., November 18, 2024 -- Tuya Inc. (“Tuya”) (NYSE:
TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced that a definitive agreement has been entered
into in respect of a strategic investment by 65 Equity Partners through its purchase of an approximate 13% of Tuya's total issued
shares from New Enterprise Associates (“NEA”).
65 Equity Partners is an independently
managed wholly-owned investment platform of Temasek dedicated to supporting founders in their growth journey. The firm focuses on investing
in family-owned and entrepreneur-led businesses in Southeast Asia, Europe and the United States across the technology, business services,
consumer, industrials and healthcare sectors.
Tan
Chong Lee, CEO of 65 Equity Partners said: “This investment via the Anchor Fund aligns strategically with our mandate of supporting
high quality businesses seeking a listing on the SGX. We are pleased to support Tuya in its next phase of growth.” Karan Saraf of
65 Equity Partners added: "Tuya is the global leader in the smart solution developer ecosystem, with a highly differentiated
competitive positioning across smart cloud-based software and device solutions. We are thrilled to be part of Tuya’s exciting journey
where its strong leadership, brand and ethos of innovation have attracted a highly diverse global customer base.”
Jerry
Wang, Founder and CEO of Tuya, stated: “We are delighted to welcome 65 Equity Partners as a significant shareholder of Tuya.
This investment reflects their confidence in our vision to capture growing international markets as the key enabler of global AIoT, intelligent
devices, commercial and industry applications, by empowering over one million developers worldwide with our unique cloud platform. The
Asia-Pacific region, particularly Southeast Asia, represents an enormous opportunity for us as it is a fast-growing emerging market. We
believe the investment from 65 Equity Partners aligns seamlessly with our international expansion strategy and offers possibilities for
a future additional listing on the SGX, which will further enhance Tuya’s presence in the global capital markets. We also deeply
appreciate NEA’s support throughout our journey and value their continued role as an important shareholder of Tuya.”
“NEA is proud to have
been a key stakeholder in Tuya since its founding in 2014”, said Carmen Chang, Partner and Head of Asia at NEA. “We are
pleased to remain a significant shareholder as the company continues to execute on its strategic priorities.”
For more information, visit the Tuya Investor
Relations website.
About New Enterprise Associates (NEA)
New
Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses
across multiple stages, sectors and geographies. Founded in 1977, NEA has more than US$25 billion in assets under management as of June
30, 2024, and invests in technology and healthcare companies at all stages in a company's lifecycle, from seed stage through IPO. The
firm's long track record of investing includes more than 280 portfolio company IPOs and more than 465 mergers and acquisitions. For more
information, please visit www.nea.com.
About 65 Equity Partners
65
Equity Partners is an independently managed wholly-owned investment platform of Temasek which focuses on providing equity and structured
capital solutions to established companies with regional or global aspirations in Southeast Asia, Europe and the United States. In Southeast
Asia, 65 Equity Partners invests in leading companies and new economy businesses, ahead of their eventual listing in Singapore, and provides
capital solutions to Singapore based local enterprises with fundamentally sound businesses that are well-positioned to scale globally.
For more information, please visit www.65equitypartners.com
About Tuya
Tuya
Inc. (NYSE: TUYA; HKEX: 2391) is a global leading cloud platform service provider with a mission to build a cloud developer ecosystem
and enable everything to be smart. Tuya has pioneered a purpose-built cloud developer platform with cloud and generative AI capabilities
that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, Software-as-a-Service, or SaaS, and smart solutions
for developers of smart device, commercial applications, and industries. Through its cloud developer platform, Tuya has activated a vibrant
global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for
smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness. For more
information, please visit https://ir.tuya.com/overview/default.aspx
Disclosure Information
Tuya
uses the https://ir.tuya.com/overview/default.aspx website as a means of disclosing material non-public information
and for complying with its disclosure obligations under Regulation FD.
Forward-Looking Statements
This press release contains forward-looking statements.
These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements
that are not historical facts, including statements about Tuya's beliefs, and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those
contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may",
"will", "expect", "anticipate", "target", "aim", "estimate", "intend",
"plan", "believe", "potential", "continue", "is/are likely to" or other similar expressions.
Further information regarding these and other risks, uncertainties or factors is included in Tuya's filings with the SEC. The forward-looking
statements included in this press release are only made as of the date hereof, and Tuya disclaims any obligation to publicly update any
forward-looking statement to reflect subsequent events or circumstances, except as required by law. All forward-looking statements should
be evaluated with the understanding of their inherent uncertainty.
Investor
Relations Contact
Tuya
Inc.
Investor
Relations Email: ir@tuya.com
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