Tuya Inc. witnessed a significant 5.52% surge in its stock price during Friday's pre-market trading session. This rally can be attributed to the company's recent announcement of a strategic partnership with Viettel Telecom, Vietnam's largest telecommunications operator, and T3 Technology, a prominent telecommunications solutions provider in Southeast Asia.

The collaboration, unveiled at Mobile World Congress 2025 in Barcelona, aims to accelerate the development of the region's smart home ecosystem. By leveraging Tuya's Cube Cloud solution and the combined expertise of all three companies, the partnership will enhance hardware products, smart home solutions, and business models through resource sharing and complementary strengths.

Specifically, Viettel will be able to rapidly establish a customized AIoT platform by integrating T3 Technology's solutions with Tuya's Cube Cloud solution. This platform will enable Viettel to connect a wide range of smart home devices, including IP cameras, and build a comprehensive home management system, improving user convenience and engagement. Moreover, Tuya's advancements in AI and cloud computing will support Viettel's pursuit of innovations in AI applications and green energy solutions, driving business expansion and enhancing market competitiveness.