Glonghui, April 16 | Morgan Stanley released a watch list of Chinese overseas stocks. The list covers a total of 20 stocks. Among them, Graffiti Intelligence (NYSE: TUYA, HKEX: 2391) is on the list. Damo pointed out that among software and information technology service companies that account for relatively large revenue in the global market, they are particularly optimistic about the high revenue composition of graffiti intelligence's demand from foreign end consumers, which helps them spread risk. Graffiti intelligence has also found new growth points in emerging markets such as ASEAN and Latin America. Over the past two years, the company increased its share of global international revenue from 75% to 82%, while reducing the share of US revenue from 25% to less than 20%, reducing overall geopolitical risk. Furthermore, Graffiti Intelligence leverages the advantages of China's manufacturing supply chain to provide services to global home appliance brands through OEMs (original equipment manufacturers). The fall in global inflation is conducive to a recovery in consumer electronics terminal demand. The rise of cross-border e-commerce has also helped Graffiti Smart customers expand to more households and increase the penetration rate of smart home products. The previous downturn cycle forced a number of competitors in the global and Chinese markets to exit, thus bringing a better competitive environment for graffiti intelligence.