On April 26, at the Global Hard Technology Developers Conference (Shenzhen), the world's leading IoT cloud platform: Tuya Smart, the smart lighting leading enterprise: Bolong Technology, and the smart home leader: EZSmart announced their cooperation. In the future, the three parties will share each other's ecological capabilities and work together to explore business opportunities on the smart lighting and maternal and offspring health.
Zheng Caijian - General Manager of Bolong Technology, Cao Fang - General Manager of EZSmart, Chen Tao - General Manager of Tuya Smart in South China, and Zhang Qiang - Deputy General Manager, attended this cooperation signing ceremony together.
Shenzhen Bolong Technology Co., Ltd. is a professional manufacturer of laser application products and the first high-tech enterprise combined LASER&LED together in China. Currently focuses on the R&D, design and manufacturing of smart decorative lighting products.
EZSmart Enterprise was established in 2016, formerly known as SIG Digital. In 2002, SIG Digital took the lead in launching a whole-house smart home solution in China and put it on the market in the first batch. At the establishment beginning of EZSmart Enterprise, it formulated a strategy based on the B-end and aimed at the consumer electronics market for smart home products. At present, EZSmart focuses on the R&D, design and production of smart lighting and smart electronic products.
In the three-party cooperation, Tuya Smart provides comprehensive APIs, stable SDKs and cloud services. Based on the needs of B-side customers represented by Bolong Technology, Tuya Smart uses embedded software and hardware development to call Tuya module SDK and API and allows devices to connect to the App and the cloud. Based on the technology and cloud services provided by Tuya Smart, Bolong Technology and EZSmart jointly developed a series of music star lights. This series of products has the characteristics of novel functions, high fun play value, and strong practicability,which are the popular products on overseas e-commerce platforms such as Amazon and eBay.
In this cooperation, Bolong Technology and EZSmart will continue to rely on the technical support of Tuya Smart to open up the smart home electronic products market and make innovations in categories and functions. At the same time, Bolong Technology and EZSmart will jointly develop the maternal and child health market with a series of smart products from babies' health sleeping, environmental monitoring, and health growth. In addition, Bolong Technology and EZSmart will join the Tuya Smart Open Ecosystem, interconnecting with more than 252,000 powered by Tuya smart devices to achieve integrated control of smart products.
Either the intelligent lighting field of Bolong Technology and EZSmart, or the maternal and infant field that both parties are going to enter, all of them are showing a trend of rapid development. The "14th Five-Year Plan" advocates the vigorous development of smart lighting, and provides strong supports to the industry from the policy side. Under the social environment, the development of IoT technology has also promoted the rapid expansion of the smart lighting market. According to the forecast of the Prospective Industry Research Institute, the market size of China's smart lighting industry will reach 43.1 billion in 2022, with an annual growth rate of about 23%. Viewing the maternal and infant market, with the liberalization of the country's "comprehensive two-child" policy, it will further promote the continued expansion of China's maternal and infant market. iiMedia Research's data indicated that the market size of my country's maternal and infant industry is expected to reach 7.63 trillion by 2024, an increase of nearly 6 times compared with 2015.
Tuya Smart, Bolong Technology and EZSmart will also seek cooperation opportunities in the field of maternal and child as well the smart lighting field. This cooperation method that continuously widens business boundaries is the mainstream trend of IoT business. Cooperation-business cross-border will be ecological cross-border, no longer a single form of cooperation.
