Key facts
- Megaspeed bought nearly $5bn in AI chips and advanced hardware from Nvidia over the past three years, the Guardian reported.
- US filings list Kai Kang, born in Shanghai in 1996, as sole officer of Megaspeed's US and Australian affiliates, created in 2024.
- Megaspeed International owns all 10,000 shares of Megaspeed Australia, for which it paid $1m, per ASIC documents.
- China's foreign ministry spokesperson Guo Jiakun called the spy allegations unsubstantiated and nothing but smears against China.
- Michael Shoebridge, director of Strategic Analysis Australia, said it would be credible to assess Megaspeed as a front for Chinese intelligence but nothing was certain.
- Megaspeed International did not respond to a request for comment, the Guardian reported.
Jensen Huang resigned as chief executive of Nvidia on November 13, 2026, after reports of extramarital affairs with an alleged Chinese spy and two company employees, the Guardian reported. US intelligence agencies believe Huang had been targeted by Alice Huang, the former director of Megaspeed International, and US officials believe he was acting as a Chinese intelligence asset passing commercial information to Beijing, according to the New York Times.
Megaspeed International is registered in Singapore and has affiliates across the US, Asia and Australia, but individuals at its offices said they knew nothing about the cloud computing firm. Singapore police said in October 2025 they were investigating Megaspeed over suspected breaches of domestic laws after a US senator asked the commerce department to examine whether the firm had diverted Nvidia chips. The Ministry of Home Affairs said it held Alice Huang's passport from June 2025 until February over potential false declarations related to Megaspeed, then released her with a stern warning. Singaporean authorities said on November 12 that she had been barred from re-entering the city state, and Taiwan said earlier in the week of November 9 that she had also been barred there.
Malaysia said on November 13 it was investigating a subsidiary of Megaspeed International over the possible diversion of advanced AI chips to other countries. The Guardian reported that Megaspeed has been one of Nvidia's biggest foreign customers over the past three years, purchasing nearly $5 billion in AI chips and advanced hardware.
Filings in Delaware and with the Australian Securities and Investments Commission show the affiliates were created in 2024 and list the Shanghai-born Kai Kang, 29, as sole company officer, either as director or president. The Australian filing lists the Singapore-based parent as stockholder and shows Megaspeed International owns all 10,000 shares of Megaspeed Australia, for which it paid $1 million. Reuters visited the home address on the filings, a small store, news agency and lottery retailer in Seymour, Victoria, where a woman identifying herself as Kang's mother said she had run the business for about 16 years and that her son was based in Shanghai and had nothing to do with the Singapore company. Kang has not been accused of any wrongdoing.
The Straits Times reported that Swiftdata, the company that owns Megaspeed, had a registered business address in Singapore occupied for more than four years by an interior design firm. The New York Times found only two employees at Megaspeed's Singapore headquarters last year and a dilapidated storefront among its Malaysian offices.
Michael Shoebridge, director of the security thinktank Strategic Analysis Australia, said key details about Megaspeed's relationship with Chinese intelligence remained unclear and suggested it would be credible to assess the company as a front for Chinese intelligence, though nothing was certain. The Chinese government has rejected any claims Alice Huang was a spy; foreign ministry spokesperson Guo Jiakun said the allegations were unsubstantiated and nothing but smears against China. ASIO and the office of Australian home affairs minister Tony Burke declined to comment, and acting prime minister Richard Marles said on ABC that there is more espionage in the world than there has been for a long time, particularly around emerging technologies.