'Jensen Huang’s mistress' Alice Huang had another lover... Chinese financier detained on suspicion of stock manipulation

[Financial News] It has emerged that Alice Huang, identified as NVIDIA CEO Jensen Huang’s affair partner and a Chinese spy, had a long-standing business and romantic relationship with a financier who had repeatedly been caught violating Chinese stock market regulations.
According to the UK newspaper Financial Times (FT) on the 10th (local time), Alice Huang worked for nearly 10 years with Kang Wei, founder and head of Heshi Capital, and the two were known as an influential couple in the financial industry.
Heshi Capital is an investment management firm founded in 2010. Alice Huang, a former reporter for China’s state-run CCTV, entered the financial industry after studying in Hong Kong and joined Heshi Capital in 2015. At the time, she received a roughly 25% stake from Kang Wei. Huang Yu, Alice Huang’s sister, also participated in these companies as a director and investor.
Kang Wei was fined a total of 2.9 million yuan (about 580 million won) by Chinese securities regulators in 2018 and 2025 for failing to make required disclosures while securing control of companies through various investment vehicles. Chinese financial media outlet Caixin reported that Kang Wei was detained early this year on suspicion of stock manipulation.
Heshi Capital said Alice Huang left the company in 2017, but she reportedly remained active, handing out Heshi Capital business cards to investors as recently as last year.
Alice Huang and Kang Wei shifted the focus of their business to artificial intelligence (AI). In 2023, they acquired a subsidiary of a Singaporean gaming company and tried to turn it into an AI data center company. They also jointly sought investment for a new data center business they are pursuing in Southeast Asia.
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