From Shanghai Investment Firm to Nvidia Partner... Who Is Alice Huang?

Became Controlling Shareholder of Singapore-Based MegaSpeed in 2023
U.S. Authorities Investigate Possible Evasion of AI Chip Export Controls

Jensen Huang, CEO of Nvidia, has been linked to Alice Huang (Chinese name: Huang Le) as an alleged extramarital partner. Huang is a businesswoman who worked in China’s financial industry before becoming the controlling shareholder of MegaSpeed, an official cloud partner of Nvidia. U.S. authorities are examining whether the company helped Chinese firms obtain advanced semiconductors.

A review by Reuters of more than 30 records, including financial records and corporate filings, found on November 10 that before joining MegaSpeed, Alice Huang was an executive at Shanghai Hexi Investment. Materials released by Hexi in 2016 and 2017 also listed her work experience in the private banking division of HSBC in Hong Kong and at China CITIC Securities.

According to Hong Kong media outlet HK01, Alice Huang is from China’s Hunan Province. She completed a master’s program at Hong Kong Baptist University and later obtained permanent residency in Hong Kong. In 2019, she sold a Chinese gaming company that she controlled through an offshore entity to Hong Kong-listed 7Road for 1 billion yuan (approximately 200 billion won). 7Road was MegaSpeed’s former parent company.

MegaSpeed was established in Singapore in 2015 as 7Road International. Alice Huang became the company’s controlling shareholder in March 2023 and served as a director of its Indonesian subsidiary until November of that year. MegaSpeed’s shares were transferred to Singapore-based SwiftData at the end of 2023.

According to trade records reviewed by Reuters, MegaSpeed’s Indonesian subsidiary imported Nvidia H100 AI accelerators and related components from 2024 through 2026. The H100 is subject to U.S. export controls on shipments to China. U.S. authorities are investigating whether MegaSpeed helped Chinese companies circumvent the restrictions, but no official determination of whether any violations occurred has been made public.

The New York Times (NYT) reported that U.S. intelligence agencies had concluded Alice Huang collected information for China. China’s Foreign Ministry denied the allegations. In a letter to employees on November 8 local time, CEO Jensen Huang acknowledged and apologized for an extramarital relationship but did not name the other person. Nvidia’s board has launched an independent investigation in connection with reports that Huang was targeted by a foreign intelligence agency. The board said there is currently no basis to conclude that national security was compromised or company secrets were leaked.

This content was produced with the assistance of AI translation services.