"Alice Huang in long-term relationship with Hexi Capital founder"... Reports also claim they are married

[Financial News] It has been reported that Alice Huang (Chinese name Huang Le), identified as the mistress of NVIDIA Corporation CEO Jensen Huang and a Chinese spy, has maintained a long-term business partnership and romantic relationship with a Chinese financial executive.
The British daily Financial Times (FT) reported on the 10th (local time) that Alice Huang worked for nearly 10 years with Kang Wei, a financier repeatedly caught violating Chinese stock market regulations and the founder of Hexi Capital.
According to the FT, Alice Huang and Kang Wei were considered an influential couple in the Chinese financial world. Some of those who were personally acquainted with them even believed the two were a married couple.


Chinese economic media outlet Caixin Media also reported, citing multiple sources, that the two are actually a married couple.
Alice Huang was regarded as a sociable, well-connected, and successful figure, whereas Kang Wei was considered a relatively introverted person.
The media also reported that Alice Huang entered the financial sector after completing a master's degree in media studies at Hong Kong Baptist University in the mid-2000s.
In 2015, she joined Hexi Capital, founded by Kang Wei.
According to the Chinese economic media outlet Caixin Media, at the time, Kang Wei held approximately 48.75% of the company's shares, Alice Huang's side held approximately 25%, and another partner, Zhu Xiaoming, held approximately 26.25%. It is reported that the shares held by Alice Huang were transferred from Kang Wei.
Chinese securities regulators imposed a total fine of 2.9 million yuan (approximately 580 million won) on Kangwei over the years 2018 and 2025 for failing to make proper disclosures while securing corporate control through various investment vehicles.
Caixin Media reported that Kang Wei was detained earlier this year on charges of stock manipulation, but the FT stated that it could not directly confirm this.
At the same time, it was reported that it is unclear whether Alice Hwang is still employed at Hexi Capital.
Alice Huang continued her partnership with Kang Wei even after shifting her focus to artificial intelligence (AI).
Alice Huang and her partners acquired Megaspeed International, a Singaporean subsidiary of a Chinese game company, in 2023 and attempted to turn it into an AI data center company.


Alice Huang and Kang Wei also set out together to attract investment for a new data center business in Southeast Asia.
While active in Singapore, Alice Huang sometimes changed the spelling of her surname in English when introducing herself from the standard Chinese 'Huang' to the Cantonese 'Wong,' which is widely used in Singapore.
According to the FT, the two launched an AI business based at a membership club at the Shanghai Radisson Hotel, where they met with potential investors and business partners.
The FT reported that Alice Huang has not appeared in public since Singaporean authorities revealed last October that they were investigating Megaspeed International.
At the time, Singapore authorities did not disclose specific charges, but speculation arose that it was related to allegations of smuggling semiconductors into China.
Under these circumstances, questions surrounding Alice Huang's actual age and past actions are also spreading.


Hong Kong's Sing Tao Daily reported on the 11th that photos believed to be of Alice Huang during her high school days and photos claimed to have been taken in Shanghai in the past are being circulated online in China.
Class records released online show that she entered the high school course at Jiangnan Middle School in Xiangtan City, Hunan Province in 1993, leading to claims that she was born in 1977 and is 49 years old this year. This differs from the previously known age of 42, but the authenticity of the data and photos has not been confirmed.
Additionally, a photo allegedly taken of Alice Huang with female acquaintances in Shanghai was released, and the social media account that posted it claimed that before moving to Singapore, she was involved in the business of a shell company related to a listing on the Chinese mainland stock market.
Alice Huang's past work experience at Hunan Satellite TV and China Central Television (CCTV) has also not been objectively verified.
Earlier, the New York Times (NYT) reported that U.S. intelligence authorities suspect Alice Huang of being the person who passed information to Chinese intelligence agencies.

[email protected] Lee Seok-woo, International Specialist Reporter