The internet-of-things provider will back companies in similar sectors through the vehicle, launched in partnership with Hillhouse Capital.
China-headquartered internet-of-things (IoT) technology producer Tuya has formed a $400m strategic investment fund with hedge fund manager Hillhouse Capital, DealStreetAsia reported today.
Tuya is the creator of an IoT technology platform which enables businesses to access hardware development tools, cloud services and smart business development software in order to build their connected services.
The company floated in the United States last month in a $915m initial public offering in which affiliates of Hillhouse Capital had expressed interest in buying…
