The 100 MW Thai computing power center is still under evaluation, and negotiations with Amazon Web Services have been synchronized. Polibeli, listed on NASDAQ, is attempting to cross over from digital supply chains into AI computing infrastructure, and Southeast Asia is becoming a new battlefield for global computing power competition.

A cross-border breakthrough

Polibeli is headquartered in Jakarta, Indonesia and will be listed on NASDAQ through a SPAC merger in August 2025. Its current market value is approximately $3.67 billion. The company's main business is digital supply chain services, covering consumer electronics accessories, home appliances, skincare products and other categories. In 2025, the annual revenue was 26.42 million US dollars, but it is still in a loss making state with only 91 employees. It is such a small company that has recently released signals of transitioning towards AI computing infrastructure.

Polibeli has disclosed a non binding memorandum of understanding, planning to evaluate the construction of an AI computing center project with a maximum capacity of 100 megawatts in Thailand, and is currently in strategic cooperation talks with Amazon Web Services on large-scale model inference computing infrastructure. According to data from the Investment Promotion Commission of Thailand, the country's data center investment has soared from THB 98.5 billion in 2024 to THB 728 billion in 2025. In the first quarter of 2026, the digital industry investment application reached THB 873.7 billion, of which data centers accounted for 86%.

Billions of orders and the closed-loop computing power of cross-border supply chains

The capital market regards Polibeli as a sister company of A-share company Xingyun Technology, both of which are actually controlled by Wang Wei. Relying on the cross-border supply chain capabilities of Xingyun Group, Xingyun Technology has signed computing power service agreements worth over 10 billion yuan. Polibeli's negotiations with AWS have to some extent provided overseas resource endorsement for the fulfillment capability of these orders.

The current AI inference computing power gap in Southeast Asia continues to widen, and AWS has deployed Anthropic large model inference nodes locally. At the same time, Nvidia is partnering with Firmus to build a 360MW liquid cooled AI factory in Batam, Indonesia, with plans to deploy 170000 GPUs. Keywords: Computing power center, AI computing infrastructure

Whether Polibeli can stand firm in this wave of Southeast Asian computing infrastructure still depends on the conversion efficiency of the project from evaluation to implementation - after all, the 100 MW Thailand plan is still in its early stages and the company has not made any capital commitments.Editor/Cheng Liting