"She Even Had a Lover of 10 Years"... Rumors Swirl That Jensen Huang's "Woman" Has Fled to China

"Disappeared" After Admitting to an Affair with Jensen Huang
Speculation Ranges from Fleeing to China to House Arrest

The past activities of Alice Huang (Chinese name: Huang Le), who has been accused of being the mistress of NVIDIA CEO Jensen Huang and an agent of Chinese intelligence, are gradually coming to light. Reports have emerged that she maintained business and romantic relationships for about 10 years with a prominent figure in China's financial sector. With her whereabouts now unknown, speculation has also arisen that she may have fled to China or that an intelligence agency may be controlling her movements.

In August 2023, Ellis Huang visited China Automotive Innovation Corporation (CAIC) in Nanjing, Jiangsu Province, with Kang Wei, who was reportedly his partner. CAIC's WeChat account

On November 10 local time, foreign media outlets, including the UK's Financial Times (FT), reported that Alice Huang had maintained close business and personal ties for many years with Kang Wei, founder and head of Chinese investment firm Hesi Capital. Hesi Capital is an investment management company established in 2010. Alice Huang, who is said to be a former reporter for China's state broadcaster CCTV, entered the financial industry after studying in Hong Kong and joined Hesi Capital in 2015. Kang Wei reportedly transferred about 25% of the company's shares to her at the time, and Huang's sister, Huang Yu, is also said to have participated as a director and investor.

Kang Wei has been sanctioned several times for violating Chinese securities market regulations. In 2018 and 2025, Chinese securities regulators fined him a total of 2.9 million yuan (approximately KRW 580 million) over allegations that he failed to meet disclosure obligations while using multiple investment vehicles to secure control of companies.

Chinese financial outlet Caixin also reported that Kang Wei was detained early this year on suspicion of stock price manipulation. Hesi Capital said Alice Huang left the company in 2017, but she reportedly continued to give investors the company's business card and conduct business under its name through last year. In other words, there is a discrepancy between her official departure date and the period during which her actual business relationship with the company continued.

Singapore authorities disclosed an investigation into Megaspeed last October. In the United States, the possibility that advanced semiconductors were entering China through the company also came under scrutiny. However, not all related allegations have been confirmed or legally established. AFP-Yonhap News

The pair later expanded their business into the artificial intelligence (AI) industry. In 2023, they acquired a subsidiary of a Singaporean gaming company and pursued a plan to transform it into an AI data center company. The company, Singapore-based Megaspeed, has attracted the attention of U.S. authorities over its business involving advanced NVIDIA semiconductors.

Alice Huang and Kang Wei reportedly also worked together to raise investment for new data centers in Southeast Asia. Huang was said to have told investors that securing NVIDIA's high-performance graphics processing units (GPUs) would not be a problem. However, the situation changed after allegations emerged that Megaspeed may have been involved in circumventing U.S. restrictions on semiconductor exports to China.

Singaporean authorities disclosed an investigation into Megaspeed last October. In the United States, the possibility that advanced semiconductors had entered China through the company also became a subject of investigation. However, not all related allegations have been confirmed as true or legally established.

Information about a fund manager named Huang Le can be found on social media. The page states that he works at Shanghai Hexi Investment. The Chinese private equity information platform Simu Paipaiwang】【。

Alice Huang's whereabouts have not been confirmed since then. According to Taiwan's Liberty Times on November 11, Huang is said to have deleted her social media and email accounts after the controversy erupted and stopped responding to phone calls. Her location has also not been confirmed at related business premises or registered addresses in Singapore and Hong Kong. Amid this uncertainty, claims have emerged that Chinese intelligence may have taken her into custody.

Attorney Chiu Chang, a Taiwan-born lawyer based in the United States, said on Facebook that day that Alice Huang was likely to have fled to China. Chiu explained that an intelligence agent's public exposure of their identity and face would greatly diminish the value of their intelligence-gathering activities. He said that if Alice Huang had in fact been connected to Chinese intelligence, China's Ministry of State Security might be restricting her contact with the outside world or controlling her movements. He also speculated that Chinese authorities might eventually stop supporting Huang and cut off contact with her.

He also claimed that even if Huang were staying overseas, she might use an alias or have her freedom of movement restricted to evade investigators. However, this is Chiu's personal speculation; it has not been confirmed that Alice Huang actually fled to China or is under the protection or control of Chinese intelligence.

Meanwhile, U.S. broadcaster CNBC reported that Huang went to work as usual on November 10 at NVIDIA's headquarters in Santa Clara, California, and chaired the regular Monday meeting attended by senior executives. In her opening remarks, Huang acknowledged that she had been unfaithful in her personal life and apologized to employees.Whether they were in a relationship has emerged as a key issue.

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