A mysterious Chinese businessman, known as Kang Wei, has recently been in the news due to his connections with Alice Huang, his wife, and Jensen Huang, the CEO of NVIDIA. The incident surrounding Jensen Huang’s alleged extramarital affair with Alice Huang has brought forth a myriad of undisclosed details that are now coming to light.
According to reports from The Wall Street Journal, which cited individuals familiar with the couple, it appears that Kang Wei has been aware of the relationship between his wife and Jensen Huang for some time. In fact, he has even publicly acknowledged their close ties, sometimes jokingly referring to Alice as Jensen’s personal assistant.
The couple has been leveraging their personal connections to advance their various business ventures across China, Singapore, and Taiwan.
Sources familiar with the couple’s business dealings stated that over the past decade, Kang Wei and Alice Huang have transitioned from one lucrative opportunity to another, delving into fields such as gaming companies, pharmaceutical mergers, and cloud computing. They have consistently built networks of associated entities, transferring shares amongst themselves, and utilizing every available connection. For this couple, known for pursuing lucrative deals and sometimes skirting regulatory guidelines, NVIDIA’s AI chips represent their latest venture.
Previously, Chinese media outlet Caixin confirmed that Alice Huang and Kang Wei are indeed married, but noted that the current state of their relationship has remained largely unknown in recent years.
Starting from late October, U.S. media reports indicated that American officials suspect that Chinese intelligence agencies may have recruited Alice Huang as an informant, due to her access to Jensen Huang of NVIDIA.
Both the United States and Singapore are currently reviewing Megaspeed, a cloud service provider based in Singapore. The company has been implicated in possibly rerouting NVIDIA AI chips worth billions of dollars, which are subject to export controls, to China.
Bloomberg reported that the U.S. Department of Justice is investigating Alice Huang, suspecting her of being a potential Chinese spy concerning Jensen Huang. The investigation includes whether associated entities are involved in the smuggling of NVIDIA-produced products into China.
Back in late 2022, the U.S. imposed export controls on high-performance chips, prohibiting NVIDIA from directly selling these chips to China due to concerns that they could enhance the military and surveillance capabilities of the Chinese Communist Party.
Kang Wei, a well-known investor from the “post-70s” generation, was once a star fund manager in China, having held positions as the chief strategy analyst at Shenwan Hongyuan Securities, vice president and chief investment officer at China Oceanwide Trust, and general manager of China Oceanwide Fund and Sichuan Trust. His prominence in the industry increased when he became the general manager of China Oceanwide Fund at a young age.
In 2010, Kang Wei founded an investment firm named Shanghai Hexi. Business registration records indicate that he and Alice Huang started operating this company together in 2016.
Shanghai Hexi has invested in a series of tech enterprises, including those in the gaming sector. This involvement opened doors for Kang Wei, allowing him to meet Jensen Huang during the 2010s, when the latter was gaining fame in Silicon Valley. According to a person who has worked for a company Kang Wei invested in, NVIDIA was focusing on gaming chips at the time, and Kang Wei and Jensen were introduced to each other in Asia. This informant claimed to have facilitated the connection.
In 2018, Chinese securities regulators fined Kang Wei and the couple’s company due to nondisclosure of stake ownership in a Chinese pharmaceutical company during a bidding war, along with other violations. Kang Wei and Shanghai Hexi contested the regulator’s findings during a formal hearing, but their appeal was dismissed.
By the early 2020s, Kang Wei and Alice Huang began shifting towards the cloud computing business, offering remote computing power to corporate clients. They established relationships with several Chinese tech giants through a company in which their managed fund held equity.
In 2023, the couple shifted focus to AI data centers. Business registration records and insiders revealed that they acquired a Singapore subsidiary of a gaming company they had previously invested in.
In March 2023, the subsidiary was renamed Megaspeed International, with Alice Huang registered as a director. Insiders noted that Kang Wei collaborated with her to expand this business.
Individuals involved in the negotiations reported that a key player in helping Megaspeed get started was Alibaba, a major Chinese e-commerce giant. At the time, Alibaba was seeking a partner to help acquire computational resources from data centers equipped with NVIDIA chips outside of China.
Sources indicated that Megaspeed informed NVIDIA that Alibaba would be its core client.
With a prominent client like Alibaba, Kang Wei and Alice Huang’s company was designated a “NVIDIA Cloud Partner” in November 2023, granting them priority access to chips. Shortly after, Alice informed an acquaintance that she had connected with Jensen Huang, and Megaspeed’s operations were anticipated to commence smoothly.
According to insiders, Megaspeed moved a large quantity of NVIDIA servers to their data center in Malaysia and provided computational resources to Alibaba.
Reports indicate that in late 2024, U.S. Commerce Department officials discovered a significant amount of high-end equipment that had not been unpacked during a visit to Megaspeed’s Malaysia facility, raising suspicions of illegal transshipment.
On Thursday, the Singapore Ministry of Home Affairs stated that Alice Huang, a Hong Kong resident, deliberately downplayed her role at Megaspeed during the investigation, leading to her being banned from re-entering Singapore for lying.
In June 2025, during a post-shipment verification by the U.S. Department of Commerce’s Bureau of Industry and Security (BIS), Singapore first learned of Washington’s concerns regarding Megaspeed and Alice Huang. At the time, Alice was present, and since she wasn’t a resident of Singapore, her passport was confiscated the same day.
By February 2026, after receiving a “stern warning” from authorities, Alice Huang left Singapore.
Caixin reported that Kang Wei was also subjected to criminal enforcement measures by the Shanghai police prior to the Chinese New Year in 2026, in February.
The Taiwanese government has also indicated that it has revoked Alice Huang’s entry permission and banned her from re-entering. She had previously met with Jensen Huang on multiple occasions in Taiwan, and their close interactions attracted significant attention.
Reports reveal that Kang Wei was detained in Shanghai in connection with a stock manipulation investigation involving a publicly listed company but has since been released and has shared photos of himself at Stanford University with friends.
The Chinese government has refuted allegations that Jensen Huang is a target of espionage actions by the Communist Party, labeling such claims as mere conjecture.