Alice Huang flaunted her “connections at NVIDIA” to Chinese investors

[Financial News] A woman identified by U.S. intelligence as having been recruited by China’s Ministry of State Security (MSS) and engaged in espionage reportedly boasted to Chinese-origin investors that she could secure advanced NVIDIA graphics processing units (GPUs).
The Financial Times (FT) reported on the 9th, local time, that Alice Huang (Chinese name: Huang Le; Hwang Reo), a Chinese woman who had an affair with NVIDIA CEO Jensen Huang, began seeking investment early last year for a Southeast Asian data center project worth hundreds of millions of dollars.
According to a person who received an investment pitch, Hwang Reo and her business partner, Kang Wei, emphasized that “there would be no problem securing GPUs.”
Under current U.S. export controls, Chinese companies are allowed to lease computing capacity at overseas data centers, but are prohibited from directly owning data center assets, including advanced NVIDIA GPUs.
U.S. authorities have been investigating the possibility that Megaspeed International, a Singaporean company where Hwang Reo worked as an executive, was involved in smuggling NVIDIA’s advanced artificial intelligence (AI) chips, which are subject to export restrictions, into China.
Hwang Reo reportedly did not disclose her close relationship with NVIDIA CEO Jensen Huang while seeking investment.
Jensen Huang recently acknowledged having had an affair with Alice Huang, also known as Hwang Reo.
Hwang Reo and Kang Wei also reportedly made active use of their business relationship with Alibaba Group, China’s largest e-commerce company, in their fundraising efforts.
FT reported that Alibaba Group had been a key customer from the early days of Megaspeed International’s cloud services business in Southeast Asia.
Alibaba Group also lent money in 2024 to Megaspeed International’s Malaysian subsidiary through its Singapore subsidiary.
Megaspeed International’s assets surged from $33 million (about 44.3 billion won) to $3 billion (about 4 trillion won) over the course of 2024.
Megaspeed International’s predecessor was the gaming company Seven Road International, which received backing from Chinese state-owned investors. In 2023, when its Singapore subsidiary was spun off under the name Megaspeed, Hwang Reo Limited took ownership.
Hwang Reo, who reportedly worked about 20 years ago as a journalist for China Central Television (CCTV), a state-run Chinese media outlet, and regional broadcaster Hunan TV, is a Chinese national. Her fluent English enabled her to build extensive relationships with senior figures in the semiconductor industry.
Hwang Reo’s whereabouts are currently unknown.
FT reported that Kang Wei, Hwang Reo’s business partner, was identified as a director of Guilin Bank, a state-owned local bank in China’s Guangxi Zhuang Autonomous Region.


[email protected] Lee Seok-woo, international affairs specialist Reporter