A recent scandal involving Jensen Huang, the CEO of Nvidia, and allegations of an extramarital affair with a suspected Chinese spy, has drawn attention to the Singapore-based data center company, Megaspeed. According to Australian media, there are a variety of strange indications suggesting that the company’s Australian subsidiary is not operating as it appears.
U.S. intelligence agencies believe that Megaspeed’s founder, along with former executive Alice Huang, has been recruited by the Chinese Ministry of State Security for espionage activities, and that there exists an ambiguous relationship between Alice Huang and Jensen Huang. The Nvidia CEO publicly apologized for the extramarital affair, which has sparked a media frenzy and caused significant fluctuations in the stock market.
Documents from the Australian Securities and Investments Commission (ASIC) reveal that Megaspeed operates a subsidiary known as Megaspeed Australia. This subsidiary was registered in 2024, with a 29-year-old man named Kai Kang, who was born in Shanghai, listed as its sole director.
What raises questions is that the registered address for the company is that of a newsstand and lottery outlet located in the small town of Seymour, Victoria.
On November 10, local time in Australia, reporters from The Age attempted to contact this location but received no response.
In an interview with the Australian Broadcasting Corporation (ABC), Kai Kang’s father stated that his son had previously worked at the family shop in the town. He expressed his confusion, stating that he had never heard of Megaspeed and was unaware that his store was being used as the registered address for his son’s directorship.
Reports indicate that Kai Kang is currently not in Australia, and he has not been accused of any wrongdoing.
In 2024, Megaspeed established its office in a building located in Sydney, which also houses Apple’s Australian headquarters, using an initial seed funding of AUD 1 million. The registered address for their Australian office is 20 Martin Place, Sydney.
Megaspeed claims that its office is on the 10th floor, which is operated by a shared workspace provider known as Regus. They offer daily rental rates starting from AUD 17. However, it’s important to note that the 10th floor is completely separate from the multiple floors leased by Apple in the same building.
When a reporter from The Age visited the Australian office of Megaspeed on the morning of the 10th, they found the office to be empty, and the receptionist stated that there were no employees from Megaspeed present.
An employee from an immigration law firm that shares the same floor with Megaspeed reported to ABC that he or she had never heard of the company or Kai Kang.
According to reports from The Australian, since submitting the initial AUD 1 million in seed funding at the end of 2024, Megaspeed has not submitted any further disclosure documents to ASIC. The company has no local assets, Australian operations, nor any financial footprints. Besides one director, it remains unclear if there are other staff members. Industry insiders in Australia’s data center sector are largely unaware of the company’s operational status.
Documents from ASIC show that since January, letters sent to Megaspeed’s Sydney office have been returned as undeliverable.
Public records indicate that Alice Huang, who is suspected of being a Chinese spy, founded Megaspeed International in 2023. In a short span of time, the company became the largest buyer of Nvidia chips in Southeast Asia.
Megaspeed was established as a spin-off from an enterprise owned by the Chinese gaming company Seventh Avenue, just months after former U.S. President Biden imposed strict limitations on the export of high-end artificial intelligence chips to China.
In December 2025, Bloomberg reported that Megaspeed faced an investigation by the U.S. government due to allegations of smuggling restricted Nvidia chips into China. Following this, there were reports suggesting that Nvidia played a crucial role in persuading the U.S. Department of Commerce to terminate the investigation into Megaspeed.