NVIDIA founder Jensen Huang has publicly issued an apology following revelations of an extramarital affair with a woman named Alice Huang. Recent reports have revealed that Alice Huang has connections to the Shanghai Hexi Investment Company and has been actively involved in projects related to China’s National Integrated Computing Network initiative.
As details about Huang’s affair emerged, there has been heightened interest in Alice Huang’s background. According to several investment industry websites, she initially worked in journalism for Hunan TV and CCTV before transitioning to roles at HSBC Private Banking and Citic Securities, ultimately moving into private equity investment.
However, an official from Hunan TV was quoted saying, “I’ve never heard of this person (Alice Huang).” Searches on both Hunan TV and CCTV’s websites yielded no information regarding her.
Public records show that Alice Huang established Megaspeed International in 2023, which quickly became NVIDIA’s largest chip buyer in Southeast Asia within a few short years.
A report from Bloomberg on November 9 indicated that Megaspeed was spun off from a business under the Chinese gaming company Seventh Avenue, just months after former U.S. President Joe Biden imposed significant restrictions on high-end artificial intelligence (AI) chip exports to China.
Seventh Avenue first sold its Singapore subsidiary to a British Virgin Islands company named Huang Le Ltd., which was controlled by Alice Huang. In November 2023, Huang Le Ltd. sold Megaspeed to a shell company in Singapore, after which Megaspeed was designated as an official cloud partner of NVIDIA, thus gaining priority access to NVIDIA chips.
Reports suggest that Megaspeed is connected to the private equity firm Shanghai Hexi.
Further verification by sources revealed that Shanghai Hexi’s full name is Shanghai Hexi Investment Management Co., Ltd. In its 2016 public membership directory, the China Securities Investment Fund Industry Association listed “Alice Huang” as the executive director of Shanghai Hexi. This investment firm has strong ties to data center operations and technology enterprises. As of August 2025, Alice Huang held a 48% stake in Shanghai Hexi.
In September 2025, the investment firm initially founded by Huang, known as Shanghai Yunxi Investment, was officially renamed Shanghai Longteng Intelligent Computing Data Group Co., Ltd., with its business scope explicitly shifting to big data services and computing-related operations.
Records indicate that both Shanghai Hexi and Alice Huang’s investment platform have been deeply embedded in China’s computing and data center initiatives through a capital network over the past several years. They have stakes in various projects, including ownership of the subsidiary “Century Longteng” under gaming and computing giant Century Huatong, and have been involved in the construction and operation of major data centers and intelligent computing leasing projects such as the Tencent Yangtze River Delta Supercomputing Center in Songjiang, Shanghai, the Longteng Intelligent Computing Industrial Park in Wuhu, and the Yifeng Data Center in Shenzhen.
Further investigation revealed that a letter from China’s National Development and Reform Commission outlined plans to initiate the construction of National Integrated Computing Network nodes in the Yangtze River Delta region, indicating areas in Shanghai’s Qingpu District, Wujiang District in Suzhou, Jiangsu Province, and Jiasan County in Jiaxing, Zhejiang Province. The data center cluster in Wuhu is expected to encompass several districts and areas.
The overlap between the business activities of Alice Huang and her affiliated investment platforms with key state projects in China is substantial.
In September 2024, officials from the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) conducted an onsite verification at Megaspeed’s data center located in Johor, Malaysia, where they discovered a large amount of expensive NVIDIA equipment remained unused in its original packaging, leading to suspicions that some chips might have been rerouted to China.
Bloomberg conducted further examinations of customs records, corporate documents, and data center equipment information, uncovering discrepancies between Megaspeed’s chip inventory and data center records.
As of November 2026, the Financial Times reported that U.S. officials had prepared an intelligence memorandum suggesting that Alice Huang might have been recruited by China’s Ministry of State Security to collect sensitive information regarding NVIDIA’s advanced AI chips.
On November 4, 2026, Brian Mast, the Chairman of the U.S. House Committee on Foreign Affairs, along with John Moolenaar, Chairman of the U.S.-China Strategic Competition Special Committee, and Rick Crawford, Chairman of the Intelligence Committee, sent a joint letter to NVIDIA CEO Jensen Huang, formally requesting his attendance at a closed briefing on November 18 to discuss the security measures NVIDIA has in place to prevent foreign espionage activities and to address his interactions with Alice Huang.