Temasek-backed 65 Equity Partners acquires 13 percent stake in...

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2024-11-20 15:30:06

Temasek-backed 65 Equity Partners acquires 13 percent stake in Chinese cloud platform Tuya

Tuya Inc., a China-based cloud platform service provider, has on Monday 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 percent of Tuya’s total issued shares from New Enterprise Associates (NEA). “This investment via the Anchor Fund aligns strategically with our mandate...

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