---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40051815.md"
description: "$Tuya(TUYA.US) recently successfully listed on the Main Board of the Hong Kong stock market. I read one of their open letters and was quite moved.This open letter reviewed Youzan's years of development, analyzed the company's adjustments and consolidation during past cycles, from the initial blind expansion and crude growth to its current focus on retail digitalization and returning to its core business of merchant services. The letter emphasized that through deep cultivation of SaaS services, rooting in the needs of physical merchants, empowering small and medium-sized retail with technology, and adhering to long-termism, Youzan has completed its transformation step by step by relying on stable operations and optimizing its business structure, ultimately achieving the phased goal of a Main Board listing.This reminds me of Tuya Smart, which also works on industrial digitalization and SaaS services; their underlying logic shares some similarities. Tuya Smart provides digital and intelligent solutions for hardware manufacturers, smart homes, and commercial scenarios across various industries, while Youzan provides digital operation tools and technical support for e-commerce and physical merchants. Now, both companies are also simultaneously increasing their focus on the AI field.According to the open letter, Youzan is currently continuously increasing its investment in AI applications in business areas such as merchant operations, intelligent marketing, and customer service tools. The founder also mentioned practical operational details like AI implementation and token consumption. Tuya Smart, on the other hand, is conducting AI technology R&D and implementation in the areas of the Internet of Things, smart hardware, and spatial intelligence. Although their specific directions differ, AI is similarly a common core direction for both companies to achieve growth breakthroughs and upgrade their business models.At this price level, I think Youzan is worth a look.$YOUZAN(06051.HK)"
datetime: "2026-04-21T01:23:58.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40051815.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40051815.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40051815.md)
author: "[泡面艺术家](https://longbridge.com/en/profiles/21784253.md)"
---

# $Tuya(TUYA.US) recently successfully listed on the…


### Related Stocks

- [02391.HK](https://longbridge.com/en/quote/02391.HK.md)
- [TUYA.US](https://longbridge.com/en/quote/TUYA.US.md)
- [06051.HK](https://longbridge.com/en/quote/06051.HK.md)
- [08083.HK](https://longbridge.com/en/quote/08083.HK.md)