A woman named Alice Huang, who has reportedly been involved with Jensen Huang, the CEO of NVIDIA, has actively promoted an artificial intelligence (AI) chip investment deal to Chinese investors. She claims to possess the ability to obtain NVIDIA’s highly sought-after GPUs and asserts that she has a business relationship with Alibaba, the tech giant from China.
On November 9, sources cited by the Financial Times reported that in early 2025, Alice Huang and her business partner, Kang Wei, sought investment for a multi-million dollar data center project in Southeast Asia. This initiative was described as being supported by a potential client in Alibaba, further adding credibility to their proposal.
An investor who attended an investment pitch revealed that the duo expressed confidence in acquiring GPUs, framing this ability as a pivotal element of the project. Their assurances heightened the interest and potential enthusiasm from the investing community.
Within the AI investment and gaming circles in China, it is suggested that Alice Huang and Kang Wei may be married, further intertwining their personal and professional lives. Shen Tong, Founder and CEO of WeShare, a Shanghai-based technology firm, mentioned on social media platform X that many acquaintances from the internet gaming industry recognize Huang’s husband, indicating the closeness of their professional networks.
Despite these claims, the validity of these relationships remains unverified by Epoch Times.
Under current U.S. export control regulations, companies in China can legally lease computing power from overseas data centers but are not allowed to own any associated assets, which predominantly consist of advanced NVIDIA GPUs. Throughout her investment pitches and routine business dealings, Alice Huang has not disclosed any close ties to Jensen Huang.
This month, media outlets reported that U.S. intelligence agencies believe Alice Huang may have been recruited by the Chinese Ministry of State Security for espionage activities, with implications of a romantic involvement with Jensen Huang.
Jensen Huang publicly acknowledged the affair on November 8, leading NVIDIA’s board to announce an investigation into the matter. Following this revelation, NVIDIA’s stock price dropped by 4% during the early trading session on the following day.
Simultaneously, the Chinese Ministry of Foreign Affairs denied the accusations of espionage, labeling them as baseless, false accusations aimed at defaming the country’s reputation.
In 2023, Alice Huang was briefly registered as an executive at Megaspeed, a Singapore-based company that counts NVIDIA among its clients. Currently, Megaspeed is under investigation for alleged chip smuggling across multiple jurisdictions, with the company vehemently denying any involvement in illegal activities related to chips.
Additionally, she is a partner at Shanghai Hexi Investment Management Co., Ltd. This fund, established in 2010, has stopped updating its annual performance since 2022, leading to the liquidation of many of its fund products.
According to her profile on a private equity network site, Alice Huang claims to have four years of experience in the media sector, having previously worked as a news reporter for Hunan TV and CCTV. However, this aspect of her professional background has not been confirmed through official channels.
Her resume from a publicly traded company mentions that she served as a Vice President at HSBC (Hong Kong) Private Bank from March 2008 to December 2012, and later as Vice President in the Securities Finance Business Line at Citic Securities from March 2013 to October 2015.
The New York Times quoted individuals who have met Alice Huang, noting her fluency in English and her connections within the AI chip industry, including relationships with Jensen Huang and executives from Gigabyte Technology, a major assembler of NVIDIA supercomputers. She has attended industry conferences and private dinners with executives, establishing a more extensive network.
Following the emergence of the affair, several photographs of Jensen and Alice Huang surfaced online, showcasing their interactions in locations such as Shanghai, Hong Kong, and California. However, the images do not provide explicit evidence of any inappropriate relationship, as many feature group settings.
Reports previously indicated that the two interacted during an event in June 2024 at the Taipei Computer Show, where prominent figures from the global AI industry gathered at the Opera Sky Bar. During a casual conversation, Alice reportedly mentioned, “We can call Jensen,” which was dismissed by many as a joke, given Jensen Huang’s stature and tightly packed schedule.
Soon after, Jensen Huang appeared, clad in his signature black leather jacket alongside two NVIDIA executives, sharing whiskey with industry associates and even taking photographs with the group.
On May 22, 2025, Jensen participated in business activities related to the supply chain in Taiwan and dined that night at a Taipei restaurant with industry insiders, including Alice.
Following the revelation of Jensen Huang’s affair on November 8, more images featuring Alice and Jensen began circulating on the Internet. As before, these images were largely harmless, including several group shots and offered no concrete evidence of wrongdoing.
Beginning in 2024, Megaspeed, the company associated with Alice Huang, began procuring advanced NVIDIA AI chips valued at billions of dollars. This company leveraged its relationship with Alibaba to attract investors, catching many in the industry by surprise with its rapid entrance into the AI sector.
Data from the trade intelligence platform ImportGenius indicates that from June 2024 to February 2026, Megaspeed’s affiliated companies in Malaysia procured NVIDIA AI computing equipment worth billions, establishing themselves as one of the largest buyers of NVIDIA hardware in Southeast Asia.
With substantial chip purchases fueling their rapid growth, this relatively young company has quickly secured its position among NVIDIA’s core global partners.
Megaspeed has been actively building data centers across Southeast Asia, renting computational power to Alibaba, thereby providing Chinese enterprises access to NVIDIA’s advanced chips through indirect means in light of U.S. restrictions on direct sales to China.
Moreover, Alice Huang is also connected to a business and investor network primarily based in Shanghai and Zhejiang. This network has been successful in leveraging relationships with local officials to expand operations from mobile gaming to data center development. These centers are essential for providing the computational power necessary for AI functions.
In addition to local connections, the business network has established financial ties to the Chinese military industry by investing in a cybersecurity subsidiary under China Electronics Technology Group Corporation, one of the largest military technology manufacturers in the country.