Sea to focus on software and customer relationships in building up cloud business

Résumé détaillé

Shopee, the group’s e-commerce arm, reports its most profitable quarter yet; adjusted Ebitda is up 44.7%

Shopee, the group’s e-commerce arm, reports its most profitable quarter yet; adjusted Ebitda is up 44.7%

[SINGAPORE] The focus for Sea’s new cloud business will be on software and customers, rather than building up data centre infrastructure, said its chairman and CEO Forrest Li in the company’s Q3 2026 earnings call on Tuesday (Nov 10).

“When customers need dedicated computing capacity, we will only pursue opportunities with clear customer returns and attractive returns,” he added.

The decision to enter the cloud business is based on Sea’s capabilities in artificial intelligence, built up in the areas of infrastructure, model and agentic application layers over the last two years, he said.

He added that there is an opportunity to build a business around the decline in token prices and helping organisations with AI adoption.

This would entail running AI efficiently and adapting models to suit the data and language needs of prospective customers, and moving to newer cost-efficient models, including open models, without having to rebuild them afresh each time.

“We see this as an opportunity to turn our AI capabilities from a cost centre into a profit centre for Sea,” said Li.

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The company’s cloud business is still in the formation stage, but he is optimistic about its prospects as the demand for AI from businesses grows.

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