The recent admission of infidelity by Jensen Huang, the CEO of NVIDIA, has sparked significant interest regarding the identity of the woman involved. Several media outlets have pointed towards a Chinese businesswoman named Alice Huang, also known as Huang Le.
Reports from Caixin on November 10 shed light on Huang Le’s past experiences with Hec Investment Management Co., Ltd., indicating her significant role within the company, both as a former employee and shareholder. Multiple sources familiar with the situation have reported that she is married to Kang Wei, the founder and actual controller of Hec Investment.
Additionally, sources have disclosed that Kang Wei has recently been subjected to criminal enforcement measures by the Shanghai police. However, as of now, there has been no public statement released by the Shanghai police or judicial authorities concerning this matter.
On the same day, Caixin released an article titled “The Glories and Setbacks of Hec Investment: Alice Huang and Kang Wei,” referencing numerous insiders who confirmed the couple’s marital status. Despite this, little is known about their relationship dynamics in recent years.
Kang Wei, a prominent investor born in the 1970s, was initially active in the securities research field before transitioning to the buy-side investment arena. He has held several high-profile positions, including Chief Strategy Analyst at Shenyin Wanguo Securities, Executive Vice President and Chief Investment Officer at China Oceanwide Trust, and General Manager of Huatai Fund as well as Sichuan Trust. His early appointment as General Manager of Huatai Fund garnered considerable attention in the industry.
However, in recent years, Kang Wei’s career has faced turbulence, having been penalized by regulators for violations related to securities trading. Sources indicate that he was taken into criminal custody by Shanghai police around the Lunar New Year of 2026.
An article in Time Weekly published on November 9 detailed Huang Le’s position within the core team at Hec Investment, where she ranked third. Numerous attempts to contact Hec Investment by phone that day yielded no responses.
Documents obtained reveal that Huang Le claimed to have four years of media experience and eight years in the securities sector. Her background includes roles as a news reporter for Hunan TV and CCTV, as well as serving as an assistant to the president at HSBC Private Banking, Vice President of CITIC Securities business lines, and Deputy General Manager of Hec Investment.
Not only has Huang Le held a significant position within Hec Investment, but she has also been a shareholder in the company.
According to reports, Hec Investment was established in July 2010 with a registered capital of 200 million yuan. It gained qualifications as a private fund manager in April 2014 and primarily engaged in first-market mergers and acquisitions as well as secondary market sunlight private equity operations.
Huang Le is said to have joined Hec Investment in 2015 and was designated as a shareholder of the company. A labor contract dispute document from the Shanghai Pudong New Area Court indicates that Kang Wei had previously appointed Huang Le as the assignee of 25% equity in the company, with related business registration finalized in 2016.
Beyond her executive and shareholder roles, Huang Le has also been involved in managing various funds under Hec Investment.
Data from the private equity sector shows that the “Hec 8 Fund,” established on September 20, 2016, had investment managers that included both Huang Le and Kang Wei. By December 2016, Hec Investment announced changes to several fund managers, with Huang Le taking over as the investment manager for various funds, including Hec Mixed Fund No. 1 and Hec Merger Fund No. 5.
In a separate development, Hec Investment and Kang Wei faced regulatory scrutiny due to violations concerning trading in Huiqiu Technology stocks.
An administrative penalty decision from the Chinese Securities Regulatory Commission in 2018 revealed that from November 2014 to August 2015, Hec Investment had raised over 1.8 billion yuan through agreements and fundraising efforts, trading Huiqiu Technology stocks through accounts under its management without appropriate disclosures.
Hec Investment was fined 17.7 million yuan, while Kang Wei was personally fined an additional 400,000 yuan. The Shanghai Stock Exchange also issued a public reprimand against both Hec Investment and Kang Wei in December 2018.
These penalties primarily addressed violations related to failing to disclose excessive shareholding and continuing to trade during restricted transfer times, rather than a conviction for stock manipulation in a criminal court.
Another noteworthy investment experience involving Huang Le and Hec Investment pertained to the online gaming company Seventh Avenue and its operations in Singapore.
According to Time Weekly, Hec Investment’s “Hec 8 Fund” had invested 53 million yuan into Shanghai Yongchong Investment Center (Limited Partnership), with its underlying assets involved in equity ownership in Shenzhen Seventh Avenue Technology Co., Ltd.
A report from Reuters, dated November 10, detailed Huang Le’s later ventures in Singapore. The company initially known as 7Road International rebranded to Megaspeed International in 2023. In March 2023, Huang Le became the controlling shareholder of Megaspeed and also took on the role of Managing Director.
Following an examination of company registration information, Reuters noted that in November 2023, the equity of Megaspeed was transferred to another Singaporean company, Swiftdata, and both Huang Le and another director stepped down from their positions.
The report explained that Megaspeed is involved in artificial intelligence cloud services and computational power projects. Huang Le’s transition from the financial investment sector in China to the tech industry in Singapore has attracted considerable public interest.
As news of Huang Jensen’s extramarital affair surfaced, speculation about Huang Le’s marriage and her husband’s identity began circulating online.
An overseas X platform account named “Liang Min Liam” disclosed that rumors connecting Huang Jensen with Alice Huang began surfacing as early as early June, claiming that this information was “not a big secret” within the AI industry circle. This user also revealed that Huang Le’s husband was his former business partner.
Additionally, other online rumors suggested that Huang Le’s husband had arranged for her to get close to Jensen Huang to secure NVIDIA’s business relations and orders, even going so far as to “push” Huang Le towards him. However, these claims remain unverified, as they stem from online gossip and media reports without independent evidence.
Moreover, previous reports by American media suggested that U.S. intelligence agencies suspect Huang Le might be a recruited informant by the Chinese Ministry of State Security, allegedly using her close relationship with Jensen Huang to gather information regarding NVIDIA’s business interests. Reports also indicated that U.S. authorities were monitoring Huang Le to ascertain her connections with Chinese government officials.