On December 27th, 2018, the Jimi IoT Tuya partnership was honored at the Future Intelligent Business Summit, held at the Dragon Hotel in Hangzhou, Zhejiang Province. This recognition marked a key milestone in the strategic collaboration between Jimi IoT and Tuya Smart in the AIoT space.

The summit was hosted by Tuya Smart, fresh from its C-round financing, in collaboration with Caijing, a renowned independent magazine in China. Over 100 AI experts and global AI+IoT developers gathered to explore the future of the AIoT industry across technology, products, market expansion, and business innovation.

As a high-tech enterprise covering R&D, product design, operations, sales, and cloud services, Jimi IoT has nearly 20 years of experience in communication technologies. With a strong focus on IoT vertical solutions, Jimi IoT was honored at the summit with the Platinum Partner of the Year award by Tuya Smart.

Yang Yi, Co-founder and COO of Tuya Smart, delivered an inspiring speech: “The essence of IoT is the connection between people. The more people we connect, the more markets we uncover.”

By 2020, more than 27 billion smart devices were expected to be online, with 8 billion new devices added each year. Future consumers are forecasted to use multiple smart devices, with 10 billion of them being mobile-connected.

According to McKinsey & Company, the global IoT market could generate $11 trillion in economic value by 2025, with hardware market value surpassing $53 billion by 2020.

With support from Tuya Smart’s robust cloud platform, Jimi IoT will further deepen its collaboration. Smart home devices and GPS trackers from Jimi IoT will be integrated into Tuya’s ecosystem, reinforcing a long-term win-win partnership.