NEW YORK, March 7, 2025 /PRNewswire/ — Tuya Smart (NYSE: TUYA, HKEX: 2391), a leading global AI Cloud platform service provider, has announced a 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 (MWC 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.

Founded in 1989 and headquartered in Hanoi, Vietnam, Viettel Telecom is Vietnam’s largest telecommunications service provider offering mobile communications, broadband networks, and 4G/5G services. With a dominant market share surpassing 46% in Vietnam’s mobile sector, Viettel serves more than 60 million mobile users, 9 million fixed-line customers, and 3 million TV subscribers.

T3 Technology is a well-known pioneering communications technology leader in Thailand, driving digital transformation through cutting-edge terminal devices and smart ecosystem solutions. With a long history of robust growth, it has supplied premium communication equipment, intelligent home systems, and customized digital solutions to Thai markets. Maintaining undisputed market leadership in Thailand’s new broadband service sector since 2019, T3 Technology has achieved remarkable market penetration with its solutions currently empowering over 2 million households and supporting a user base exceeding 8 million citizens.

This collaboration will focus on enhancing and innovating hardware products, smart home solutions, and business models through resource sharing and complementary strengths to create a more seamless, intelligent, and efficient global smart home ecosystem.

By integrating T3 Technology’s solutions with the Tuya Cube Cloud solution, Viettel will be able to rapidly establish a customized AIoT platform with high system stability and full data independence at a cost-effective scale. The AIoT 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.

Furthermore, 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.

Mr. Hoang Trung Thanh, General Director of Viettel Telecom, commented: “We are excited to collaborate with Tuya and T3 Technology. By deploying Tuya’s Cube Cloud solution, we aim to accelerate AIoT ecosystem development and deliver smarter, more seamless experiences to our users. This partnership is a critical step in our journey towards AI-driven innovation and sustainability, reinforcing our position in the Southeast Asian smart home market.”

Leo Yu, CEO of T3 Technology, stated: “Smart home intelligence is becoming a key growth driver in Southeast Asia. Our partnership with Tuya and Viettel will elevate the intelligence of our products, enabling us to offer tailored smart home solutions for households across the region. We believe this strategic alliance will accelerate the adoption of smart home ecosystems and provide users with a more secure and comfortable living experience.”

Ross Luo, General Manager for the Asia Pacific Region at Tuya Smart, added: “Viettel and T3 Technology are industry leaders with strong market presence and extensive user bases. This collaboration will expand Tuya’s smart technology footprint in Southeast Asia, bringing cutting-edge AIoT solutions to millions of users. Looking ahead, we will continue investing in technological innovation and supporting our partners in exploring new smart living scenarios, fostering the rapid evolution of the regional smart home market.”

This tripartite collaboration marks a significant milestone in the advancement of the Southeast Asian smart home ecosystem. Moving forward, Tuya will continue deepening its investment in smart technology and strengthening global partnerships to drive the AIoT innovation.

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SOURCE Tuya Smart

HONG KONG, March 7, 2025 /PRNewswire/ — The true value of proper valuation comes from independence. Through independent research conducted by professional valuers, startups and venture capital firms gain access to objective analysis performed using appropriate valuation approaches. Valtech has actively helped numerous aspiring startups and fund managers by performing comprehensive business valuations, analysing business models and projected growth prospects, and in-depth benchmarking analysis. This support greatly facilitates and accelerates price discovery and deal negotiation processes.

Today, Max Tsang, a director of Valtech Valuation, — a CPA, CFA, FRM, Chartered Valuation Surveyor, and a business appraiser Accredited in Business Valuation (ABV) by AICPA — is pleased to share the firm’s insights and experience. The aim is to help more startups understand the true value of professional valuation and rethink how they should prepare for it.

Valuing a Business: More Art than Science

Valuation is not an exact science. The use of more data, research, and databases does not automatically lead to a more accurate result. Valuation is inherently dependent on the basis of value. Market value and investment value defined by International Valuation Standards (IVS) are possible basis of value for startup valuation. The selection of basis of value will depend on the purpose of valuation and the actual context. In addition, the judgment will also include underlying key assumptions and the details in application of valuation methods. Depending on knowledge and skills in finance and investment banking, valuation specialist can supplement the analysis using a great variety of skills such as monte carlo simulation, regression, waterfall charts etc. All these will affect the influence and impact of the valuation.

Valuation Methods Explained

There are three general approaches in valuation:

Cost Approach
This method is rarely applied in startup valuations, as most founders believe their innovative ideas are worth far more than the initial costs incurred.Income Approach
This method can be applied, but it is often challenging for pre-revenue startups. However, a reasonable and well-supported financial projection and capital budgeting analysis can clearly communicate your financial goals and illustrate the expected growth trajectory over the next 3-5 years. With Valtech’s guidance, this becomes a logical and systematic process — identifying the value creation potential from each unit of product or service sold. By making reference to relevant sources, Valtech define realistic market size and growth assumptions, ensuring the financial model is logical and persuasive.Market Approach (They call it Comprehensive Benchmarking) 
This approach uses comparative analysis, collecting valuation metrics from public companies and private transactions. Think of it like valuing your apartment based on recent sales of similar apartments nearby. However, startup founders often fall victim to survivorship bias — they focus only on announced valuations of successful startups, often ignoring adjustment factors like funding round stage, geography, and business model differences. In reality, systematic, logical, and persuasive adjustments are necessary to align benchmark data with the unique circumstances of the subject startup. Valtech ensures these adjustments are applied appropriately.

In application, there are further variations of method for better analysis. For example, risk net present value method (a variety of income approach) is considered to be a better method in valuing biotechnology and healthcare startups.

Budget Concerns — Finding the Right Balance

Valtech fully recognizes that early-stage startups often have tight budgets when appointing valuation specialists. However, the quality of your valuation report directly impacts investors’ first impressions of your company. A well-prepared valuation not only demonstrates professionalism, but also shows how well your team can communicate and support your claims with solid evidence and sensible forecasts.

Engaging a reputable and professional valuation team gives investors confidence that your valuation is grounded in independent analysis, rather than soley internal projections.

Avoid Over-Reliance on Generative AI for Business Plans

A lengthy business plan does not guarantee a good business plan. For valuation purposes, the focus should be on:

Your team’s profiles and experienceYour business model and its unique value propositionThe innovative and competitive aspects of your products or servicesClear and realistic expansion plansA well-defined budget for utilizing the funds raised

Generative AI can assist in drafting, but blindly relying on AI-generated content often results in generic, unfocused plans that fail to address the unique qualities of your business. Investors expect tailored narratives with authentic insights — something no AI can fully capture.

Your Startup is Unique — Focus on Your Uniqueness

As a startup, you have a unique business idea — one that either solves a critical pain point in the market or disrupts existing players through innovation. While AI can assist in brainstorming, your competitive edge lies in your team’s creativity, execution capability, and market understanding.

Ask yourself: Can AI generate innovative business ideas? Yes — but the real question is: How unique, feasible, and defensible are those ideas?

Plenty of Successful Fundraising Stories from Valtech Clients

Valuation is not just about calculating numbers — it’s about explaining your venture through numbers. Valtech provides multi-dimensional analysis, considering both the founder’s perspective and the investor’s perspective. This balance helps create valuation reports that are credible and persuasive.

At the same time, investors rely on more than just valuation reports. Many uses proprietary scorecards to evaluate:

Team quality and experienceProduct-market fitCompetitive advantage and IPBusiness scalability and operational resilienceExit potential and projected returns

Valtech has witnessed countless successful fundraising journeys among its clients — all at reasonable and defensible valuations. These startups come from diverse sectors, but they all share a common trait: they provide solid proof to justify their value. This proof can take various forms:

Well-articulated ideas with clear commercial potentialWorking prototypesA strong, experienced founding teamEstablished strategic partnershipsDemonstrated viability in reaching the next growth stage

Final Thoughts — Valtech’s Value Proposition

Startup valuation is not a one-size-fits-all exercise. Every startup has a unique story, growth trajectory, risk profile, and value proposition. At Valtech, they go beyond just crunching numbers. They help startups shape their valuation report, and navigate the challenging price discovery process with confidence.

If you want to secure investment at a reasonable and defensible valuation, you need more than just financial modeling skills — you need a trusted valuation partner who understands investor needs, market dynamics, and trends. This is exactly what Valtech Valuation delivers. Simply visit https://valtech-valuation.com

Max Tsang / Marvin Wong / Jimmy Wong T: +852 23889262
Email: admin@valtech-valuation.com
Singapore: Ritika Gupta | +65 84949455 | admin-sg@valtech-valuation.sg

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SOURCE Valtech Valuation Advisory Ltd

BANGKOK, March 7, 2025 /PRNewswire/ — Sungrow, a global leading PV inverter and energy storage system provider, successfully hosted its regional distribution summit under the theme “Tailored Solutions, Full Coverage” in Thailand on 28th February. The event brought together approximately 200 industry partners to explore cutting-edge energy solutions tailored to Thailand’s evolving market demands and regulatory landscape.

Sungrow’s Commitment to Tailored Energy Solutions

During the summit, Sungrow emphasized its commitment to localized R&D and customer-centric service. “‘Tailored’ is not just a strategy, it’s our promise to provide solutions that fit like a suit,” stated Steven, director of SEA market at Sungrow.

Comprehensive & Customized Solutions for Every Scenario

Sungrow offers tailored solutions for different application scenarios:

1.      Commercial and industrial (C&I): Provide a comprehensive PV inverter+RSD/Optimizer+ESS, one-brand solution, ensuring high integration, safety and reliability, with an efficient O&M system to maximize green electricity benefits and optimize energy efficiency.

2.      Residential: Offer a comprehensive PV string inverter/microinverter and ESS solution to maximize energy output, reduce electricity costs, and enable homeowners to embrace a sustainable, carbon-free lifestyle.

3.      Retrofit Solar Farms: As an emerging niche market, Sungrow is able to offer a cost-effective BOS solution backed by 50MWp+ project experience, helping optimize existing solar farm performance and enhance energy production at minimal costs.

NEW SG150CX+SR20D-M(RSD)/SP1400D(optimizer): Advanced Safety Features for Reliable Performance

Sungrow prioritizes personal and property safety by launching the new SG150CX plus SR20D-M(RSD) or SP1400D(optimizer) solution that born for C&I rooftops. The inverter is integrated with AFCI 3.0 technology, with upgrades in both software and hardware, enables precise detection and rapid extinguishment of DC arcs for longer DC cable design. It also has functions like intelligent string-level disconnection, intelligent DPT (DC-to-ground protection technology), reverse fans rotation, and a patented removable filter, that enhance the safety protection and efficient O&M. PV modules provide a comprehensive and economic solution that meets EIT regulation and customer demand. Enhanced PLC communication covers 900m looped DC cable length, ensuring more stable module-level monitoring and suitable for large scare rooftops.

Expert Insights on Market Trends and Financing Solutions

Sungrow had the privilege of hosting distinguished experts at the summit, each providing valuable insights into key industry topics. A top expert from EIT (The Engineering Institute of Thailand) offered an in-depth analysis of policies and trends shaping the Thai rooftop market. A leading financial expert from ICBC introduced loan policies and application procedures for purchasing Sungrow photovoltaic products. Additionally, a key EPC partner from Greenergy (Thailand) Company Limited shared firsthand collaboration experiences, highlighting Sungrow’s strengths from technical, commercial, and on-site service perspectives.

Market Leadership and Proven Performance

Sungrow continues to be a dominant force in the global renewable energy industry. Ranked among the Top 100 Global New Energy Leaders, the company has achieved 740GW of power electronic converters worldwide as of December 2024. In Thailand, Sungrow has successfully deployed 3.3GW+ of PV inverters and 350MWh of BESS, solidifying its leadership in the market. The iSolarCloud platform enhances operational efficiency with features like one-click rapid plant setup, intelligent monitoring, and seamless O&M. Additionally, Sungrow’s comprehensive after-sales service ensures full support from installation to long-term maintenance, delivering an outstanding customer experience.

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 28 years. As of December 2024, Sungrow has installed 740 GW of power electronic converters worldwide. The Company is recognized as the world’s No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the world’s most bankable energy storage company (BloombergNEF). Its innovations power clean energy projects in over 180 countries, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: www.sungrowpower.com.

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SOURCE Sungrow