Billions in Nvidia chips, empty offices: The mystery of Megaspeed and Alice Huang, the alleged Chinese spy linked to Jensen Huang

Alice Huang, the alleged Chinese spy accused of having an affair with Nvidia co-founder Jensen Huang, has led a mysterious life. Details about where she lives, where she works and even when she was born remain unclear. Her company, Megaspeed, is equally shrouded in mystery, with billions of dollars' worth of Nvidia chips reportedly passing through its business even as its offices appeared deserted. According to an AFP report, the Singapore-based technology group's office was an empty shell, with no staff in sight, long before the espionage allegations emerged.

The mysterious Alice Huang

Alice Huang's name is linked to a network of companies, investment firms and major Chinese technology businesses. As reported by AFP, Hong Kong corporate filings list her as a director of Nanjing Lingxing Technology, which operates China's popular T3 ride-hailing platform. Incidentally, Nanjing Lingxing Technology's investor list also includes Alibaba and Tencent, as well as state-backed automakers such as China FAW and Dongfeng Motor Group.

A corporate CV published by a Chinese investment firm Alice also held a senior position at HSBC around 2012 before moving on to roles at CITIC Securities and Shanghai Hexi Investment. Singapore business filings described Huang as a Chinese citizen holding a Hong Kong passport.


Citing HK01 media reports, AFP said that Alice was born in China's Hunan province and moved to Hong Kong to study media. A CCTV reporter also wrote on Weibo that she had worked with Huang at the Chinese broadcaster. However, the post was subsequently deleted.

Megaspeed's rise from zero revenue to a $3 billion business

Not only Alice Huang but also her company, Megaspeed, is at the centre of a growing mystery. According to AFP, there were no employees at Megaspeed's office in Singapore's central business district when its reporters visited. Its Malaysian office was similarly deserted.

Megaspeed's origins are also unclear. Citing corporate records, AFP reported that a company linked to Huang acquired the Singapore arm of Chinese video game developer 7Road International in early 2023. The 7Road name was subsequently dropped and replaced with Megaspeed International.

The company has allegedly helped Beijing circumvent US trade restrictions by routing Nvidia chips into China. Singapore police has also opened an investigation in February 2025 into Megaspeed and several other companies suspected of circumventing or violating export controls. Alice Huang was also barred from Singapore in February 2026 for providing inaccurate information to "downplay her role in Megaspeed", the country's Home Affairs Ministry said.

Huang was listed as a Megaspeed director for less than a year, serving between March and November 2023. "Her arrival coincided with a drastic change in fortunes, as Megaspeed pivoted from a little-known video game maker to one of Asia's biggest buyers of Nvidia chips," AFP reported.

According to company accounts filed in 2024, Megaspeed's revenue jumped from zero to nearly $300 million within 12 months. The company, which described itself as a "cloud hosting services provider", also saw the value of its assets surge from $32 million to almost $3 billion over the same period. Over two years, Megaspeed reportedly traded more than $4 billion worth of Nvidia chips.

A financial trail connecting Singapore, Malaysia and the Cayman Islands also points to a possible link between Megaspeed's business and Chinese technology giant Alibaba, AFP reported. According to the report, Megaspeed's Malaysian subsidiary struck a deal in 2024 pledging assets to Singapore-based Apex Enterprise Solutions as security against potential contractual breaches. Singapore corporate records reportedly show that Apex is linked through a parent company to Alibaba Group Holding Ltd, which is registered in the Cayman Islands.

By then, Huang was no longer officially registered as a Megaspeed director. However, Singapore authorities said she remained one of the company's "key controllers".

Megaspeed's ultimate holding company is a Singapore-based firm called Swiftdata. Singapore businessman Tan Yong Pong, who has previously run printing and graphic design companies, is a director of both Megaspeed and Swiftdata.

AFP said it could not find anyone at Tan's registered address in eastern Singapore, "although dogs could be heard barking inside."