What's Megaspeed, the S'pore-based company formerly led by Alice Huang, Jensen Huang's alleged lover & Chinese spy?

Nvidia CEO Jensen Huang's admission of an extramarital affair, allegedly with Alice Huang, has shocked the tech world.

Not least of all because the latter has been suspected of being a spy for China.

Reports as early as October 2025 named Alice Huang as a potential person of interest due to her repeated appearances with Jensen Huang.

But at the heart of the controversy lies Singapore-based data centre company Megaspeed, of which Alice Huang was reportedly a former executive.

Megaspeed has been alleged by U.S. intelligence to be involved in smuggling advanced Nvidia AI chips to China, which the U.S. fears will aid its rival in getting ahead in the AI and tech race.

And just as information about Alice Huang is scarce and apocryphal, little is known about Megaspeed's activities.

What exactly is this mysterious company?

Multi-billion deals

Megaspeed began attracting attention when its sister company in Malaysia bought at least US$4.8 billion (S$6.13 billion) worth of advanced AI equipment from 2024 to 2026.

This set off investigations by U.S. intelligence, who went down to Megaspeed's data centre in Malaysia.

They found that the purchased AI equipment was still sitting in boxes and uninstalled, suggesting that it was to be shipped out rather than used on-site.

In other words, Megaspeed was suspected of circumventing advanced chip export restrictions to China.

The New York Times (NYT) found that according to Malaysian import records, these chips were purchased from a California-based subsidiary of Inspur, a major Chinese tech firm operating in cloud computing and data.

Inspur was sanctioned by the U.S. for allegedly supporting the Chinese military, but their California-based subsidiary, Aivres, was able to freely buy Nvidia chips as a U.S. company.

Nvidia denied the claims that Megaspeed was smuggling chips to China, saying that it had verified that Megaspeed was wholly owned and operated by a company based outside China, with no Chinese shareholders.

Jensen Huang told Bloomberg on Oct. 29, 2026 that Nvidia examined how Megaspeed was utilising the chips, and concluded that they were not diverting them to China.

His company further stated that Megaspeed was "like any other regional customer".

Changing hands

According to data from the Accounting and Corporate Regulatory Authority (ACRA), Megaspeed was established in Singapore in late September 2015, reported Singapore Chinese-language media Lianhe Zaobao (Zaobao).

Its office is located at the Ocean Financial Centre at Collyer Quay.

The company reportedly descended from a Chinese gaming and cloud computing company, 7Road, which started in Shenzhen and was involved in publishing online web games.

In March 2023, the current incarnation of Megaspeed began when 7Road split off its overseas operations in Singapore.

Alice Huang, or Huang Le, was then listed as the managing director of Megaspeed.

Before she joined, she reportedly was the executive director for a Shanghai-based firm that invested in 7Road.

Zaobao reported that all 10 million shares of Megaspeed were later transferred to Huang Le Limited, registered in the British Virgin Islands.

Transfer of shares

Eight months later, in November 2023, the shares were then transferred to another Singapore-registered company Swiftdata, and Alice Huang then resigned as managing director.

Swiftdata was incorporated in October 2023 and is registered in Midview City in Sin Ming.

The sole shareholder and director of Swiftdata is one Singaporean Tan Yong Pong, who is also the sole director of Megaspeed and owns another Singapore-registered company, Monster Investment.

These companies were subject to a U.S. and Singapore probe in 2025, reported The Straits Times (ST).

The probe also found that Tan has been active in China since 2005.

CNA reported that one Ng Wei Shi Khloe is listed as company secretary of both companies, and that Tan and Ng are also the only listed officers of both companies in business filings.

Sudden inflow

Both Swiftdata and Megaspeed are registered as engaging in hosting services by non-data centres as its principal activity.

According to CNA, records further show that Megaspeed's assets increased sharply to US$3 billion (S$3.83 billion) in 2024 from US$33 million (S$42.1 million) in 2023.

Ghost town

In October 2025, NYT reporters who visited Megaspeed's office at Ocean Financial Centre found that the space was mostly empty.

Only two employees were present on a weekday.

They spoke to a human resources manager, who supposedly said that most of the firm's directors as well as clients are Chinese, and added that Tan is never present.

Swiftdata's registered address also led to an accounting firm that reportedly did not know how to contact Tan.

NYT reporters then visited Megaspeed's data centre in Johor, Malaysia, where one employee present claimed she had no contact with her bosses and said it was "not clear" what the company did.

Meanwhile, BBC tracked down Tan's registered address in Singapore, a public housing flat.

When BBC visited the flat, a woman who identified herself as his relative answered the door, and claimed that Tan did not reside in that flat.

He had supposedly not been in Singapore for many years, and is thought to be living in China.

"Baseless" accusations: China

The Chinese government has consistently maintained that the claims of Alice Huang being a Chinese spy are untrue.

According to Zaobao, Chinese foreign ministry spokesman Guo Jiakun reiterated on Nov. 9, "We have already responded to this matter before. The so-called claims of Chinese espionage are baseless and slanderous." 

Nvidia's Board of Directors has also announced that it will initiate an independent investigation to look into the alleged espionage.

On Oct. 31, the Ministry of Home Affairs stated that it had never conducted any investigations regarding Alice Huang, as per the Wall Street Journal (WSJ) and NYT's former reports.

The Singapore police did, however, confirm that investigations into Megaspeed are still ongoing.

While Singapore does not implement unilateral export controls imposed by foreign jurisdictions, it also does not condone businesses deliberately using their association with Singapore to circumvent or violate other countries’ export controls, the police added.