Reports about Alice Huang put her finance career and Megaspeed ties under scrutiny

Alice Huang, a Chinese businesswoman whose career moved from banking into artificial intelligence infrastructure, is facing scrutiny following reports of an affair with Nvidia chief executive Jensen Huang and allegations that she worked for Chinese intelligence. Beijing has rejected the espionage allegations, while questions remain about her involvement with Singapore-based computing company Megaspeed.

The New York Times reported over the past month that Alice Huang, also known as Huang Le, had a close relationship with Jensen Huang. According to the newspaper, a memo informed senior policymakers that intelligence indicated she had been recruited by China’s Ministry of State Security to influence Nvidia to expand Chinese access to its most advanced chips. The duration of the reported affair and when it may have ended remain unclear. The Associated Press could not reach her for comment.

Limited public information is available about Alice Huang. Before entering the technology sector, she worked at HSBC’s private banking operation in Hong Kong and at Chinese investment bank CITIC Securities. Neither company immediately answered requests for comment about her employment history.

Social media posts and information from Chinese private equity database Simuwang place her in senior positions at Shanghai Hexi Investment Co. around 2015 to 2017. Hexi’s posts identified her roles as including deputy general manager, executive director and investment committee member. In 2018, China’s securities regulator fined Hexi founder Kang Wei 400,000 yuan, or $60,000, for financial misconduct and imposed a 17.7 million yuan, or $2.7 million, fine on the company.

Alice Huang became a director of Megaspeed in 2023. Corporate registration records show the business was incorporated in Singapore in 2015 as 7Road International, the overseas operation of Chinese video game developer 7Road Holdings Ltd. It adopted the name Megaspeed International in March 2023, when its shares were transferred to British Virgin Islands-registered Huang Le Limited.

Research by Washington-based global security nonprofit C4ADS identified Alice Huang as Megaspeed’s controlling shareholder that March. By November 2023, records no longer listed her as a director, and her shares had been transferred to Singaporean businessman Tan Yong Pong, also known as James Tan. However, a May 2026 report by short seller Culper Research quoted a Megaspeed employee describing her as “actually still our boss” and saying she remained involved in daily operations.

Megaspeed is an Nvidia customer and appears on the chipmaker’s website as a partner. In 2025, it faced U.S. scrutiny over allegations that it circumvented export restrictions and routed advanced Nvidia chips for Chinese users. The company denied accusations late that year, saying there was no evidence of illicit chip transfers or other illegal activity.

Singapore’s government said in late October 2026 that authorities were investigating Megaspeed following fresh reporting about the intelligence allegations. It said Singapore did not condone companies bypassing or violating other countries’ export controls, but added that no investigations had been conducted concerning Alice Huang. Megaspeed did not immediately respond to a request for comment.

China’s Foreign Ministry rejected the spy claims this week, calling the allegation “unsubstantiated” and describing it as “nothing but smears against China.”