On September 16, T3 Technology Co. Ltd.(hereinafter referred to as T3 Technology), a leading telecommunications solutions provider in Southeast Asia, and the global IoT development platform Doodle Intelligence (NYSE: TUYA jointly held a press conference and signed a strategic cooperation agreement, announcing that both sides will cooperate in software App development, IoT product planning and design, ecological expansion, cloud deployment and other aspects, further consolidating T3 technology's leading advantage in the IoT industry in Thailand, opening up the Southeast Asian market in an all-round way, leading the era of digital economy. T3 Technology CEO Yu Xiaolei, Doodle Smart Marketing and strategic cooperation Vice president and CMO Najingdan witnessed the signing of the strategic cooperation agreement, and held in-depth talks on the cooperation content.
At present, driven by cutting-edge technologies such as 5G communication, intelligent perception and edge computing, the global IoT industry is growing rapidly. In 2020, the global smart home device market has reached nearly 130 billion US dollars, and it is expected that in 2024, the global device shipment will exceed 1.4 billion. Thanks to the policy support of the Thai government over the years, the IoT industry in Thailand is developing rapidly. According to the Asian IoT Business Platform survey,89% of Thai enterprises are exploring or implementing IoT solutions, ranking first in Southeast Asia. Thailand has become a pioneer in ASEAN in exploring and implementing iot solutions to improve productivity and innovation. The huge potential of Thailand and even ASEAN market has attracted global industry leaders to join.
As a leading telecom solution provider in Southeast Asia, T3 Technology has served more than 2 million households and 8 million users by relying on its strong product research and development capability and local end-to-end service system, and enjoys a high reputation in the field of high-tech communication equipment in Thailand. T3 Technology deeply cultivates the operator market in Southeast Asia, accurately grasped the market demand, and promoted the full series of three-dimensional products, among which the new market share of the access network market is the first. 5G related product solutions have realized large-scale deployment. The IoT iot has carried out in-depth cooperation with Lotus's,7-11 supermarket and other major operators, and carried out online and offline open channels Full deployment.
Doodle Intelligence is a global IoT development platform. After 7 years of development and precipitation, the IoT development platform has more than 384,000 registered developers and more than 122 million voice AI interactions per day. Powered by Tuya enables more than 410,000 equipment SKUs, and its products and services cover more than 220 countries and regions, radiating more than 100,000 online and offline sales channels worldwide.
Yu Xiaolei, CEO of T3 Technology, attaches great importance to the cooperation between the two sides: "T3 technology always adheres to the customer-centric, technology leadership as the cornerstone, based on Thailand, focusing on Southeast Asia, facing the world, focusing on the layout of home terminal, IoT, end-to-end telecom system product solutions three business directions, home terminal is the first new market share in Thailand, the target is three years No. 1 in Southeast Asia and No. 1 in Southeast Asia in the field of IoT within three years. This signing is a sincere cooperation between the two parties, marking the comprehensive upgrading and deepening of the level of cooperation between the two parties, and jointly committed to providing customers and consumers with IoT services and value."
"Asean is one of the largest economies in the world and Thailand is its birthplace," said Najingdan, vice president and CMO of marketing and strategic partnerships at Doodle Intelligence. At the same time, Thailand is one of the initiators of the Regional Comprehensive Economic Partnership (RCEP). As a key region of the Belt and Road, its influence on the global economy is self-evident. T3 Technologies is a leading telecommunications solutions provider in Southeast Asia and has a high profile in the field of high-tech communications equipment in Thailand. I am fortunate to see T3 Technologies with such strong determination to jump on the Internet of Things bandwagon. Together with Doodle, we will use cloud computing, Internet of Things and other technological achievements to promote the digitalization of enterprise services, the universality of advanced technologies, and the humanization of product experience."
"Although the global economy has been severely affected by the pandemic, the IoT industry is growing against the trend and has huge potential," said Chen Daiyu, VP of T3 Technology. In the field of IoT, T3 technology has launched online and offline channels simultaneously, and has been distributed in Thailand, Indonesia, Pakistan and other markets; T3 Technologies has always been committed to building its own brand, with end-to-end product design, supply chain management, marketing and local technical services capabilities. The signing of this strategic cooperation agreement marks that T3 technology will cooperate with Doodle Intelligence in intelligent hardware development, App development and cloud platform to build T3 Smart IoT brand technology leadership, covering channels including e-commerce, operators, big chains, supermarkets, home appliance stores, home furnishing stores, IT stores and other stores, continue to provide consumers with quality products, enjoy the fun brought by technology."
Luo Zhijun, general manager of Doodle Smart Asia Pacific Region, said: "Southeast Asia has a population of more than 650 million, the average age of the population is low, the population under 20 years old accounts for 33.8% of the whole region's population, and young people with strong ability to accept new things are the main consumer of smart home products, coupled with the popularity of smart phones and the improvement of Internet infrastructure, the development of mobile Internet is not Often fast, and this will certainly lead to the development of the animal networking industry in this market. Doodle has been providing IoT services to each partner, creating value and building an interconnected smart world. We believe that with our sincere cooperation and joint efforts,T3 Technologies will become the leading IoT brand driving the growth of the Southeast Asian market."
At present, the Thai government is striving to promote the "Thailand 4.0 Strategy" new economic model, which will transform Thailand's industrial economy from relying on traditional manufacturing to a digital economy powered by innovation and research and development, and promoting the development of IoT has become an important part of it. The IoT market in Thailand is expected to reach $2.19 billion by 2030, according to the agency. It is worth mentioning that, in view of Thailand's exemplary effect within ASEAN, the successful layout of the Thai market will help T3 technology and Doodle Smart jointly expand their services to Malaysia, Indonesia, the Philippines and Vietnam and other major ASEAN markets in the future, open up greater growth space, quickly realize the ecological integration of Southeast Asian markets, and further expand their global influence.
