From Malay Mail · · 2m
Alleged Chinese spy Alice Huang leaves trail of shell firms and empty offices
Singapore tech firm Megaspeed linked to Chinese spy Alice Huang faces export control probe.
In brief
Singapore tech firm Megaspeed linked to Chinese spy Alice Huang faces export control probe. Former Megaspeed director Alice Huang, accused of espionage for China and relationship with Nvidia co-founder Jensen Huang, is barred from Singapore after alleged export control violations. Originally reported by Malay Mail.
Alleged Chinese spy Alice Huang
Former Megaspeed director Alice Huang faces espionage accusations for China and personal relations with Nvidia co-founder Jensen Huang.
“Alice Huang was this week outed as an alleged Chinese spy, accused of having an affair with Nvidia co-founder Jensen Huang while digging up company secrets for Beijing”
Megaspeed's Singapore office
Megaspeed's Singapore office was empty with no staff visible for months, locked behind glass doors.
“At Megaspeed’s office in the heart of the Singapore business district, no staff could be seen behind its locked glass doors”
Megaspeed's Johor office
Megaspeed subsidiary Speedmatrix's office in Johor was also empty with no employees visible.
“Likewise in a mall at a newly developed neighbourhood in Johor, the Malaysian region a bridge away from Singapore, no employees were around in subsidiary Speedmatrix’s office”
Megaspeed's rapid growth
Megaspeed's revenue jumped from zero to almost US$300 million within 12 months of its founding.
“Within 12 months, Megaspeed’s revenue jumped from zero to almost US$300 million (RM1.23 billion)”
Megaspeed's asset growth
Megaspeed's assets skyrocketed from US$32 million to almost US$3 billion over the same period.
“Megaspeed, which described itself as a “cloud hosting services provider”, saw the value of its assets skyrocket from US$32 million (RM131 million) to almost US$3 billion (RM12.3 billion)”
Megaspeed's Nvidia chip trade
Megaspeed reportedly traded in upwards of US$4 billion worth of Nvidia chips over two years.
“Over two years, Megaspeed reportedly traded in upwards of US$4 billion (RM16.4 billion) worth of Nvidia chips”
Megaspeed's Alibaba connection
Megaspeed's Malaysian subsidiary linked to Alibaba Group through Cayman Islands parent company.
“Megaspeed has a Malaysian subsidiary that struck a deal in 2.024 pledging assets to Apex Enterprise Solutions in Singapore as security in case of contractual breaches”
Singapore police investigation
Singapore police opened investigation in February 2025 into Megaspeed for export control violations.
“Singapore police opened an investigation in February 2025 into Megaspeed and several other companies suspected of circumventing or violating export controls”
Alice Huang's passport barred
Alice Huang barred from Singapore in February 2026 for providing inaccurate information.
“Although no charges were laid, she was barred from the city-state in February 2026 for providing inaccurate information to 'downplay her role in Megaspeed'”
Computex connection
Alice Huang and Jensen Huang were spotted together at Computex trade show in Taiwan in early 2024.
“In one of their early outings together, they were seen mingling at an afterparty following the Computex trade show in Taiwan at the beginning of 2024”
US export control rules
US imposed rules in 2022 to restrict Nvidia chip sales to China, but Megaspeed allegedly bypassed them.
“The US imposed rules in 2022 to restrict their sales to China”
Megaspeed's compliance claims
Megaspeed claims serious compliance with US export control laws and is conducting internal reviews.
“Megaspeed takes its compliance obligations under US export control laws extremely seriously”
Alice Huang's background
Alice Huang was born in China's Hunan province and studied media in Hong Kong.
“She was born in China’s landlocked Hunan province, which she left to study media in Hong Kong”
Megaspeed's corporate web
Alice Huang connected to shell companies, investment houses and major Chinese tech firms.
“Alice Huang sits in the middle of a corporate web, connected to myriad shell companies, investment houses and major Chinese technology firms”
Malaysia's probe
Malaysia is investigating Megaspeed subsidiary Speedmatrix for potential export control violations.
“Separately, Malaysia said Friday it is investigating the company’s subsidiary Speedmatrix to determine if chips imported into the country had been exported to other jurisdictions”
The headline
Former Megaspeed director Alice Huang, accused of espionage for China and relationship with Nvidia co-founder Jensen Huang, is barred from Singapore after alleged export control violations.
