‘Jensen Huang’s Lover’ Alice Huang Indirectly Held a Stake in a Data Center Linked to China’s Huawei

[Financial News] Alice Huang, the mistress of Jensen Huang, former CEO of NVIDIA, and a woman identified as a Chinese spy, was found to indirectly hold a stake in a data center linked to Huawei, NVIDIA’s rival in AI semiconductors and one of China’s leading communications equipment and information technology (IT) companies.
According to a corporate-information analysis by private intelligence firm Tesari, released by U.S. broadcaster CNBC on the 12th (local time), Alice had jointly owned Chinese financial company ‘Shanghai Hesi’ (hereafter, Hesi) since 2016. The company, which invests in technology companies and data centers, was founded by Alice’s husband, Kang Wei, and Alice also served as an executive there for a time.
The claim is that she used this company to help Huawei obtain advanced NVIDIA semiconductors indirectly.


Hesi first acquired a 27% stake in data center developer ‘Shanghai Century Longteng’ (hereafter, Longteng) in 2021. Longteng owns a controlling 50.1% stake in ‘Shenzhen Yifeng Technology’ (hereafter, Yifeng), a data center facility. Hesi held its stake in Longteng until 2024.
Huawei Cloud, headquartered in Shenzhen, China, is the main customer of the Yifeng data center and a subsidiary of Huawei Technologies. The claim is that Alice did business with Huawei through ‘Hesi (an investment company), Longteng (a data center developer) and Yifeng (a data center facility).’ In addition to these equity investments, Hesi also provided a guarantee for loans financing the Yifeng data center.
Alice is suspected of indirectly supplying advanced NVIDIA semiconductors to Chinese companies through a Singapore-based company called Megaspeed. Megaspeed is a subsidiary of Chinese gaming company ‘7Road.’ In 2019, Alice sold her cloud company, Osmanthus, to 7Road.
Huawei is a company NVIDIA identified in 2024 as a ‘major competitor’ in the AI semiconductor sector. It is also subject to U.S. export controls on American-made semiconductors and communications equipment, imposed by the Department of Commerce on national security grounds. Analysts say Huawei may well have obtained NVIDIA graphics processing units (GPUs) by circumventing U.S. government sanctions through data center operators.


Another possible route through which Huawei may have obtained NVIDIA GPUs has also been identified. Alice’s investment and finance company, Hesi, is a business partner of ‘Zhejiang Century Huatong Group’ (hereafter, Huatong). Huatong Group owns the largest stake in Longteng, in which Hesi held a 27% stake. Huatong began purchasing NVIDIA semiconductors in 2023.
Although Hesi has divested its stake in Longteng, Alice’s husband, Kang Wei, became an executive at Longteng in 2022 and was also present when the company signed an agreement with Huawei, it has emerged.
CNBC noted that Alice was at least ‘someone who owned part of a data center providing computing power to Huawei,’ and that this situation took shape in China at around the same time, in late 2023, that Alice and Jensen were first seen together in public.
Tesari, which conducted the analysis, told CNBC that the complex web of connections between Alice and Huawei could raise suspicions that it was designed to deliberately conceal the relationship between the two sides.
Tesari Vice President Brian Anderson, a former special agent with the U.S. Homeland Security Investigations (HSI), said, “These activities uncovered while analyzing Alice’s network of relationships warrant an investigation on national security and technology-proliferation grounds.”
Anderson said that if the Commerce Department’s Bureau of Industry and Security or HSI were to find evidence that someone had transferred ‘export-controlled equipment’ to Huawei without authorization, possible charges could include export control violations, criminal conspiracy and smuggling.

[email protected] Lee Seok-woo, International Affairs Correspondent Reporter