Recent Updates — PLBL
Polibeli Group Ltd has executed cooperation agreements with Tencent Cloud covering service resale, product integration, and distribution. The deal establishes a commercial framework for Polibeli to sell Tencent Cloud services to eligible end users within agreed territories on a non-exclusive basis. Polibeli may also integrate specified cloud services with its own products or develop a network of second-level resellers to expand customer coverage. Initial efforts will focus on promoting WorkBuddy, an AI workbench for office tasks, in overseas markets. The agreements do not specify aggregate transaction amounts or guarantee revenue. Polibeli Group Ltd operates in the technology sector, focusing on enterprise artificial intelligence applications and cloud services.
An indirect subsidiary of Polibeli Group Ltd entered into a five-year cloud computing services agreement and initial service order with a Japanese company on October 15, 2026. The contract covers a 60-month period with total scheduled fees of approximately US$130.1 million, exclusive of taxes. A prepayment of 20% is required upon signing, with the remaining balance billed monthly subject to service readiness and upstream availability. Polibeli Group Ltd operates in the cloud computing services industry.
Polibeli Group Ltd reported unaudited financial results for the six months ended June 30, 2026. Total revenues decreased 34.62% to US$10.80 million from US$16.52 million in the prior-year period, driven by a 36.40% drop in global goods trading sales. The company recorded a net income of US$0.47 million, primarily due to a US$5.40 million gain on the fair value change of an OET derivative liability; excluding this non-cash item, Non-GAAP net loss was US$4.93 million. Gross profit margin improved to 8.71% from 6.69%. The filing notes substantial doubt regarding going concern status, which management believes is alleviated by a US$28.5 million financial support arrangement from related party Xinyun Logistics and a US$7.4 million revolving trade finance facility with Bank of East Asia. Additionally, the company announced it is assessing opportunities in enterprise AI cloud computing services through its PoliVara AI platform. The company operates in global commerce and brand operations.
On July 1, 2026, Polibeli Group Ltd entered into a non-binding Memorandum of Understanding with PT Grosirone Prima Nusantara to evaluate a potential artificial intelligence (AI) data center project in Indonesia. The proposed project involves evaluating colocation facilities, power supply, cooling, and connectivity, with a planned capacity of up to 10MW, including an initial phase of 2MW to 5MW. The agreement is a preliminary framework for information exchange and does not obligate either party to proceed with investment or financing. Polibeli Group Ltd is a company involved in digital solutions and business operations in Indonesia.
Polibeli Group Ltd. entered into a non-binding memorandum of understanding with AUTHAIKAM COMPANY LIMITED to evaluate a potential AI computing center in Thailand with a planned power capacity of up to 100 megawatts (MW). The project is currently in a preliminary evaluation stage and no capital investment has been committed yet. Polibeli Group Ltd. is a digital solutions provider in Indonesia.