On Thursday, November 12, the co-founder of Nvidia, Jensen Huang, announced his resignation from the position of Chief Executive Officer. His departure came amidst sensational allegations suggesting a romantic involvement with Alice Huang, a woman suspected to be affiliated with Chinese espionage activities. Recent investigations reveal that Alice Huang has connections to Huawei, which stands as one of Nvidia’s largest competitors in China.
Alice Huang has been identified by U.S. intelligence agencies as a potential spy for the Chinese Ministry of State Security. While she was engaged in business dealings with Nvidia and possibly had an intimate relationship with Jensen Huang, reports indicate she may also hold shares in certain Chinese enterprises that indirectly benefit Huawei.
The association between Alice Huang and Huawei was initially uncovered by analysts at the private intelligence firm Tesari, which provided exclusive findings to CNBC. Tesari specializes in intelligence research services for private companies and the U.S. government.
This connection had previously gone unreported, until Tesari made the revelations public. The company utilized artificial intelligence to gather evidence and conducts national security investigations globally. Such associations raise questions about Alice Huang’s motives in her relationship with Jensen Huang and whether he was aware of her ties to Huawei.
Although Jensen Huang has acknowledged engaging in extramarital affairs, he has refrained from disclosing the identity of the person involved.
According to CNBC, the allegations surrounding Alice Huang involve an intricate web of companies and transactions, suggesting that she has established links with certain Chinese entities that ultimately facilitate Huawei’s access to computational resources.
Huawei has remained a pivotal company backed by the Chinese Communist Party (CCP), playing a key role in the CCP’s ambition for global technological dominance. Due to its close relationship with the Chinese government, the U.S. Department of Commerce included Huawei on its export control blacklist several years ago, effectively barring the use of Huawei equipment nationwide and globally.
Documents reviewed by CNBC indicate that entities associated with Alice Huang have engaged in providing computational resources from Nvidia to Huawei. This development coincides with the timing of Alice Huang and Jensen Huang’s first public appearance together in December 2023.
In 2024, Nvidia officially listed Huawei as a major competitor, particularly in the realm of artificial intelligence chips, including graphical processing units (GPUs), central processing units (CPUs), and networking chips.
An analyst from Tesari stated, “Through our analysis of Alice Huang’s network, we discovered these activities. This necessitates an inquiry into matters related to national security and technology non-proliferation.” Brian Andersen, Vice President of National Security Applications at Tesari and a former special agent with the Homeland Security Investigations, emphasized the seriousness of the findings.
Andersen mentioned that if the U.S. Department of Commerce’s Bureau of Industry and Security and Homeland Security Investigations uncover evidence of unauthorized transfer of regulated equipment to Huawei, involved parties could face charges of violating export control laws, conspiracy, and smuggling.
The connections between Alice Huang and Huawei are intricate, leading Tesari analysts to express that their previous investigative experience suggests these links might be meticulously crafted to obscure the relationship between both parties.
Since 2015, Alice Huang has been active in private equity investment, serving as an executive director and partner at Shanghai Hexi Investment, as well as a director at Shanghai Yuxi Investment. Subsequently, she established a business network in Shanghai and Zhejiang, which has participated in the construction of Tencent’s data centers and invested in internet security firms under China Electronics Technology Group.
In 2021, Shanghai Hexi acquired a 27% stake in a data center developer known as Shanghai Century Longteng, retaining this share until 2024. The company holds a 50.1% controlling stake in Shenzhen Yifeng Technology Co., Ltd., a data center enterprise in mainland China, backed by the publicly listed Zhejiang Century Huatong Group.
Shenzhen Yifeng serves as a provider of computational and data center services for Huawei Cloud.
This context reveals that Shenzhen Yifeng is embedded within a complex capital network that spans across both local Chinese computational infrastructure and the overseas AI chip supply chain. It maintains a direct shareholder relationship with Century Huatong and, through key figures like Alice Huang and the same capital system, has forged parallel connections with Singapore-based chip buyer Megaspeed.
According to CNBC, although there is currently no direct evidence showing whether regulated Nvidia GPUs are deployed within Shenzhen Yifeng’s data centers, its parent company, Century Huatong, began purchasing Nvidia chips in large quantities from 2023 onward, while Shenzhen Yifeng also offers computational leasing services to Huawei Cloud.
Moreover, in 2022, Alice Huang’s husband, Kang Wei, the founder of Hexi, took on an executive role at Century Longteng, the company holding the majority stake in the Shenzhen data center. Kang Wei attended the signing ceremony of agreements between the company and Huawei.
In March 2023, Alice Huang’s company, Huang Le Limited, acquired the Singapore branch of Seventh Avenue, renaming it Megaspeed International and taking on the role of managing director. In December of the same year, she was seen meeting with Jensen Huang and other Nvidia colleagues at an Italian restaurant in Singapore. Just four days later, Megaspeed was added as a partner for Nvidia’s cloud services.
Reports from Bloomberg in 2025 indicated that Megaspeed had been one of Nvidia’s largest overseas customers over the past three years, purchasing nearly $5 billion worth of AI chips and advanced hardware. The chips acquired fall under U.S. export controls.
On Wednesday, November 11, media outlets such as Axios reported that sources revealed U.S. Treasury Secretary Scott Bessent questioned Commerce Secretary Howard Lutnick regarding why Megaspeed had not been blacklisted.