From Shanghai Finance to Nvidia Chips: Who Is Alice Huang?

Alice Huang, the Chinese businesswoman at the centre of the investigation into Nvidia chief executive Jensen Huang, built her career in Shanghai finance before becoming the controlling shareholder of Megaspeed International, a Singapore cloud company listed as an Nvidia partner.

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Nov 10, 2026 - 22:14

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Nvidia GPU server units installed in a data center aisle, with rows of black server racks and network cabling stretching into the distance.

From Shanghai Finance to Nvidia Chips: Who Is Alice Huang?

Alice Huang built a career in Chinese finance before emerging in a very different arena: the global race for artificial-intelligence chips.

Known also as Huang Le, the Chinese businesswoman held senior roles at a Shanghai investment firm before becoming the controlling shareholder of Singapore-based cloud-computing company Megaspeed International, according to more than 30 publicly available financial records, corporate filings and company materials reviewed by Reuters.

Huang has since been thrust into the spotlight because of her links with Nvidia chief executive Jensen Huang. The two are not related. But the New York Times reported last month that US authorities had concluded she was a Chinese intelligence asset who passed information to Beijing while developing a close relationship with the Nvidia chief executive. Reuters could not independently verify the intelligence allegation, which China has denied.

A career in finance and television

Alice Huang, reported by Chinese financial publication Caixin to be about 42 years old, previously worked in banking and investment management, according to Chinese fund-industry records and an indexed profile on private-fund database Simuwang, which also listed an earlier career in television journalism.

Before her involvement with Megaspeed, she held senior positions at Shanghai Hexi Investment Management, a Chinese investment firm. She became Megaspeed's controlling shareholder in March 2023, according to Washington-based research group C4ADS, which reviewed corporate records. She also served as a director and managing director of Megaspeed's Indonesian subsidiary from March to November 2023, C4ADS said.

Megaspeed and the chip question

Nvidia lists Megaspeed as an official cloud partner on its directory. Megaspeed attracted public attention in October 2025, when the New York Times reported the company was under US investigation over whether it was helping Chinese customers obtain advanced Nvidia chips subject to Washington's export controls.

Megaspeed has drawn scrutiny from US authorities over suspicions that it helped Chinese companies obtain advanced Nvidia chips subject to Washington's export restrictions, but there has been no public finding that it violated the rules.

Shipping records from trade-data provider ImportGenius reviewed by Reuters show Megaspeed's Indonesian subsidiary imported Nvidia hardware between 2024 and 2026, including H100 processors and related components, in shipments from suppliers including Gigabyte subsidiary Giga Computing.

Megaspeed's shares were transferred in late 2023 to Singapore-based SwiftData, which holds all 10 million of its ordinary shares, according to C4ADS. At a party hosted by Taiwanese server manufacturer Gigabyte during the 2024 Computex technology trade show, Alice Huang and Jensen Huang were both present, according to a person who attended.

What Megaspeed is

Megaspeed, an Nvidia customer, was incorporated in 2015 as 7Road International before changing its name to Megaspeed International in March 2023, its business filings showed. It is wholly owned by Singapore-registered Swiftdata, incorporated in October 2023, which says providing hosting services by non-data centers is its principal activity. The same month, Huang Le ended an eight-month tenure as managing director of Megaspeed.

On its website, Megaspeed says it is an Nvidia Cloud Partner in the Asia-Pacific region and offers access to the company's GB200 NVL72 and HGX H100 systems. Its assets increased sharply to $3 billion in 2024 from $33 million in 2023, its business filings showed. It reported an after-tax loss of $20 million in 2024, versus a loss of $21,283 a year earlier, while revenue jumped to $294 million from zero.

Last October, Singapore police said they were investigating Megaspeed over "suspected breaches of our domestic laws". Last month, the home affairs ministry responded to remarks in the Wall Street Journal that Singapore was concerned about Alice Huang's ties to Jensen Huang, with authorities separately investigating her alleged links to Chinese intelligence. The ministry said neither the Singapore government nor its officials had said that, and that no such investigations had been conducted in respect of Alice Huang. It is currently investigating four other individuals charged with chip fraud in an unrelated case.

An investigation with no conclusion yet

Nvidia's board has launched an independent investigation into reports that its chief executive was targeted by a foreign intelligence operation. The company has said it has no reason to believe national security information or trade secrets were compromised.

US President Donald Trump said on Monday that the FBI was also looking into the matter, but he did not provide further details. Without commenting directly on Alice Huang, Jensen Huang acknowledged on Sunday being unfaithful to his wife, but said he was committed to supporting US national security.

For now, the central allegation — that Alice Huang passed information to Beijing — remains unproven. What is documented is the path that brought her into the middle of the world's most sensitive technology rivalry: from Shanghai finance and television, to the top of a Singapore cloud company that buys Nvidia's most powerful chips.