Megaspeed Australia Lists Regional Victoria Newsagent Worker as Sole Director
Megaspeed Australia, the local arm of the Singapore firm at the center of the Nvidia spy allegations, lists a 29-year-old Victorian newsagent worker as its sole director. His father says he has never heard of Megaspeed. The FBI is investigating.
Megaspeed Australia, the local subsidiary of the firm embroiled in the Nvidia scandal, lists a 29-year-old newsagent worker in regional Victoria as its sole director, according to Australian Securities and Investments Commission (ASIC) filings.
The man's father says he had never heard of Megaspeed. He also did not know his store was being used as his son's listed address.
A director in a rural town
Kai Kang, a Shanghai-born 29-year-old, is named as director of Megaspeed Australia, which was registered in 2024. His father said his son worked at the family store in a small rural town in Northern Victoria.
Mr Kang could not be reached for comment. He is understood to be out of the country and is not accused of any wrongdoing.
An address in Sydney's Martin Place
The company's registered business address is more than 700 kilometers away, at 20 Martin Place in Sydney. The floor is shared with more than 40 other businesses, including migration lawyers, accountants and a private investigator.
An employee at a migration law firm at the same address said they had never heard of the company or Mr Kang. ASIC filings suggest mail the regulator sent to the address in January could not be delivered. Space in the building can be rented from $17 a day per person.
The company does not appear to have any listed financial assets or to have completed any work in Australia since it opened. It is unclear whether it has other staff.
The Nvidia affair
Megaspeed is a Singapore-based company. Its former executive Alice Huang has been accused of being a Chinese spy.
Nvidia chief executive Jensen Huang, who has no family relation to her, admitted on Monday to having an affair with Ms Huang. The FBI is investigating whether she was working for the Chinese government. US President Donald Trump said the bureau is also examining whether any state secrets were compromised.
Megaspeed International buys Nvidia's microchips, which are used to build data centers that rent out computing power. Short-seller Culper Research says China is one of those renters.
China's foreign ministry has denied the spy allegations, calling them "unsubstantiated" and "smears against China".
Fallout for Nvidia
Nvidia shareholders have launched a class action against the company and Mr Huang after it lost more than $US230 billion ($332 billion) in value. Nvidia said it believed no company or national secrets had been compromised, but that it would launch an internal investigation.
Mr Huang will remain as chief executive.
