Husband of Alleged Chinese Spy Alice Huang Himself Introduced Her to Nvidia CEO
A new piquant detail has emerged in the spy scandal surrounding Jensen Huang, the head of advanced chip manufacturer Nvidia. As it turned out, the woman's husband, who was also her long-time business partner, writes The Wall Street Journal.
Kang Wei and Alice Huang. Photo: vivilinsv / x
Nvidia CEO Jensen Huang found himself at the center of a spy scandal after American special services suspected his close acquaintance, Chinese businesswoman Alice Huang, of working for Chinese intelligence. He later admitted to having an affair with her. It also emerged that Megaspeed, a company linked to Alice, purchased billions of dollars worth of American chips despite restrictions on their supply to China.
Now The Wall Street Journal has revealed new details of this story. Alice's husband, Chinese financier Kang Wei, became the focus of journalists.
From Investments in Video Games to Nvidia
Kang Wei, now just over 50, was once a well-known investment fund manager in China. In 2010, he founded Shanghai Hexi, a company whose name can be translated as "harmonious prosperity." According to corporate documents, he managed it together with Alice since 2016.
The couple invested in various industries, from video game development to pharmaceuticals. The business was built on an extensive network of companies, between which ownership shares were transferred, and on personal connections that helped find new earning opportunities.
It was investments in the gaming industry that allowed Kang Wei to meet Jensen Huang back in the 2010s. At that time, Nvidia was primarily known for graphics processors for computer games. According to the WSJ, Kang met the company's CEO in Asia through people from one of his investment projects.
Later, Kang introduced his wife to him. Journalists do not specify exactly when this happened. But over time, Alice and Jensen's relationship developed into an affair, which, as it turned out, was not a secret to her husband.
According to people who personally know the couple, for about two years Kang openly spoke to acquaintances about his wife's intimacy with the Nvidia CEO. Sometimes he even jokingly called her Huang's personal assistant. His behavior gave the impression that he accepted this relationship, although nothing is known to journalists about the husband's true feelings.
How Personal Connections Aided the New Business
In the early 2020s, the couple became interested in cloud computing, and then in data centers for artificial intelligence. When the US imposed restrictions on the supply of advanced processors to China, the demand for computing power abroad sharply increased.
In 2023, Kang and Alice acquired the Singaporean division of one of the companies they had previously invested in, and renamed it Megaspeed. Alice officially became a director, but, according to the WSJ, her husband also directly participated in the development of the business.
Alibaba became one of the key partners of the new business. The Chinese technology giant needed powerful Nvidia processors, but American restrictions prevented their direct supply to China. Therefore, Alibaba was looking for a company that could supply it with computing power from data centers abroad.
Megaspeed informed Nvidia that Alibaba would be a major client. According to WSJ sources, it was the prospect of such cooperation that helped the Singaporean company gain Nvidia's cloud partner status in November 2023, and with it, priority access to scarce chips.
Soon after, Alice Huang told an acquaintance that she had contacted Nvidia CEO Jensen Huang and was now counting on a successful launch of Megaspeed's business.
Jensen Huang and Alice Huang at Pujiang Huaiyan restaurant in Shanghai. The photo was originally published on the social network Weibo. Source: vivilinsv / x
Megaspeed deployed most of the acquired servers in Malaysia, from where it sold computing power to Alibaba. But, as WSJ sources claim, the company transferred part of the equipment directly to China, including to Shanghai cloud service provider Century Litong. Its owner previously had business ties with Kang Wei.
This could violate American export restrictions. Megaspeed itself insists that it operates in full compliance with the law.
Despite the risks, the couple continued to seek investors. According to WSJ interlocutors, in 2024-2025 they offered to invest in several new data centers in Southeast Asia and Shanghai. Potential partners were promised the opportunity to triple their invested funds in three years and assured that they had ways to deliver Nvidia chips to China.
Now Everyone Has Problems
Amid the investigation into the supply of American processors, both Alice and Kang came under the scrutiny of law enforcement agencies.
As The Wall Street Journal found out, earlier in 2026, Kang Wei was detained in Shanghai as part of an investigation into possible stock manipulation of publicly traded companies. He was recently released.
Meanwhile, Alice was banned from entering Taiwan, where she had repeatedly met with Jensen Huang. Local authorities are investigating whether her trips could have been related to intelligence gathering.
The US and Singapore are also continuing to investigate Megaspeed's activities. Beijing denies reports of Alice potentially working for Chinese intelligence services.
Jensen Huang himself admitted to an extramarital affair with Alice and apologized to his family and Nvidia employees. He later resigned as CEO of Nvidia.
Neither Kang Wei nor Alice Huang responded to journalists' requests for comment.