Who is Kang Wei? The Chinese fund executive reported to be Alice Huang’s husband and now under police investigation in Shanghai

Kang Wei's name has come into spotlight following reports about Alice Huang. She is the woman identified in media coverage to be having an alleged affair with Nvidia CEO Jensen Huang. The 51 year old Chinese investment executive is reportedly married to Huang Le, who is also known as Alice Huang. He is now under investigation by Shanghai police over suspected stock manipulation.

Kang is the founder and actual controller of Shanghai Hexi Investment Management Co., Ltd., which is a private equity firm he ran with business partner Zhu Xiaoming before Huang joined the company in 2015. Over the years, Huang became a major shareholder and also senior executive. And the firm reportedly eventually came under the control of the couple.

According to Caixin report, Kang was placed under criminal coercive measures by Shanghai police around the 2026 Spring Festival. He has also reportedly faced penalties from China's securities regulator over violations linked to his business activities.

Kang Wei's business partnership with Alice Huang

Kang initially ran Hexi Investment with Zhu Xiaoming. The company's ownership changed in November 2015 when Huang became a core shareholder and senior executive.

Huang had entered the financial industry in 2008, working in junior positions at HSBC's private banking department in Hong Kong and later at CITIC Securities, Caixin reported.

Her move to Hexi Investment brought a significant change in her career, the company's revised ownership structure gave Kang a 48.75% stake, Zhu 26.25% and Huang 25%.

Huang's entire shareholding was transferred from Kang and held through Shanghai Yunxi Investment Management Consulting Co., Ltd.

Why Kang Wei and Zhu Xiaoming parted ways

The partnership between Kang and Zhu broke down in the second half of 2017 over a disagreement about profit-sharing.

Zhu resigned in October that year but the dispute didn't end there as he sued over performance bonuses, while Hexi Investment filed a counterclaim accusing him of damaging the company's interests.

After Zhu left, Kang and Huang became the main people running the investment firm. The company effectively turned into a husband-and-wife business, according to Caixin.

People familiar with the matter told the publication that Huang and Kang are married. However, the report did not say when their relationship began or provide details about their personal life.

Kang Wei under investigation over suspected stock manipulation

Kang has faced scrutiny over several controversial capital market operations in recent years, the China Securities Regulatory Commission (CSRC) has also penalized him over related violations.

The latest investigation involves suspected manipulation of listed stocks and people familiar with the matter told Caixin that Kang was placed under criminal coercive measures by the Shanghai Public Security Bureau around the 2026 Spring Festival.

The report did not provide further details about the case or say whether formal charges had been filed against him.

Alice Huang's education and career before Hexi Investment

Huang, who is reportedly around 42, holds a master's degree in Media Management from Hong Kong Baptist University and has obtained permanent residency in Hong Kong, according to earlier media reports.

Her profile on Hexi Investment's website lists previous work at Chinese media organizations, including China Central Television (CCTV) and Hunan TV.

She moved into finance in 2008, first working at HSBC in Hong Kong and later at CITIC Securities. Her arrival at Hexi Investment in 2015 brought her into business with Kang, with whom she later built and managed the firm.