Megaspeed Leaves a Baffling Trail From Australia to Singapore
Megaspeed International, the Singapore-registered cloud firm linked to Nvidia chief Jensen Huang's resignation, has a lottery shop in Victoria and a near-empty Sydney office as affiliates. Singapore, Taiwan and Malaysia are now acting against people or units tied to it.
Megaspeed International, the Singapore-registered cloud computing company tied to the resignation of Nvidia chief executive Jensen Huang, has left a baffling trail from Australia to Singapore, with affiliates that appear to exist mostly on paper.
Huang quit as head of the chip maker after reports of extramarital affairs with an alleged Chinese spy and two company employees. US intelligence agencies believe he was targeted by Alice Huang, who is no relation and is a former director of Megaspeed.
US officials believe Jensen Huang was acting as a Chinese intelligence asset, passing commercial information to Beijing.
A lottery shop and an empty floor
Megaspeed has registered affiliates across the US, Asia and Australia. Filings in the US state of Delaware and with the Australian Securities and Investments Commission show the affiliates were created in 2024. Both list Kai Kang, 29, born in Shanghai, as the sole officer.
The Australian filing names the Singapore-based parent as the stockholder. The home address on the filings is a small store in Seymour, Victoria, about an hour's drive north of Melbourne, which sells lottery tickets and runs as a news agency.
A woman there who identified herself as Kang's mother said she had run the business for about 16 years. She said her son was based in Shanghai and knew nothing about the Singaporean company. "He doesn't have any business here," she said.
In Sydney, the company's listed office sits on the 10th floor of a city-centre building. No signage, mailbox or other sign of Megaspeed is visible. A receptionist asked a visiting reporter, "Do you have an appointment?" No one in the busy office had heard of Megaspeed Australia or Kang.
Regulators close in
Singapore's ministry of home affairs said this week it held Alice Huang's passport from June 2025 until February over "potential false declarations" related to Megaspeed. She was released with a stern warning. Singaporean authorities said on Thursday she had been barred from re-entering the city state.
Taiwan has also barred her from re-entering, authorities there said earlier this week. Singapore police said last October they were investigating Megaspeed over "suspected breaches of our domestic laws". That followed a US senator's request that the commerce department examine whether the firm had diverted Nvidia chips.
Malaysia said it was investigating a subsidiary of Megaspeed over the possible diversion of advanced AI chips to other countries. Individuals at the company's offices in the region say they know nothing about it.
The puzzle matters because of scale. Over the past three years Megaspeed has been one of Nvidia's biggest foreign customers, buying nearly $5bn in AI chips and advanced hardware.
