Megaspeed’s Shadow Network: The Nvidia Espionage Trail From Australia to Singapore

A lottery outlet in rural Australia, a rundown storefront in Kuala Lumpur, and a nearly vacant office in Singapore: these global facades of Megaspeed International—the company tied to Nvidia CEO Jensen Huang’s downfall—paint a perplexing corporate portrait.

Registered in Singapore, Megaspeed maintains affiliates across the United States, Asia, and Australia. Yet individuals at its listed offices claim no knowledge of the cloud computing firm at the center of an international espionage scandal.

On Friday, Huang stepped down as Nvidia’s chief executive amid reports of extramarital affairs involving an alleged Chinese intelligence operative and two company staff members. U.S. intelligence agencies believe he was targeted by Alice Huang—no relation—who formerly served as a director at Megaspeed International.

According to reporting by The New York Times, U.S. officials suspect Huang functioned as a Chinese intelligence asset, transmitting commercial information to Beijing.

On Thursday, Singaporean authorities announced that Alice Huang had been denied re-entry to the city-state following a 2025 investigation into the firm.

Last October, Singapore police said they were investigating Megaspeed for “suspected breaches of our domestic laws,” after a U.S. senator asked the Commerce Department to examine whether the company diverted Nvidia chips.

The Ministry of Home Affairs stated this week that it had seized Alice Huang’s passport from June 2025 until February over “potential false declarations” tied to Megaspeed. She was ultimately released with a stern warning.

Earlier this week, Taiwanese authorities said she had likewise been barred from re-entering Taiwan.

On Friday, Malaysia announced it is investigating a Megaspeed International subsidiary over the possible diversion of advanced AI chips to other countries.

Opaque Operations

Throughout the region, Megaspeed’s operations remain shrouded in mystery.

In Sydney, there is no signage, mailbox, or physical presence to suggest that the company at the center of one of the world’s biggest stories occupies the 10th floor of a downtown office building.

“Do you have an appointment?” a receptionist asked when a Guardian reporter visited the office, which houses numerous businesses. The space hummed with activity, yet no one had heard of Megaspeed Australia or its listed director, 29-year-old Kai Kang.

Megaspeed International filed documents in the U.S. state of Delaware and with Australia’s Securities and Investments Commission (ASIC), showing that the affiliates were established in 2024. Both filings identify Shanghai-born Kang as the sole company officer, serving either as director or president.

The Australian filing also lists the Singapore-based parent company as Megaspeed Australia’s stockholder.

Reuters visited the residential address listed on the filings for the affiliates: a small shop, news agency, and lottery retailer in Seymour, Victoria, roughly an hour’s drive north of Melbourne.

A woman identifying herself as Kang’s mother said she had operated the business for about 16 years. She stated that Kang is based in Shanghai and knows nothing about the Singaporean company.

“He doesn’t have any business here,” she said, adding that Kang completed his master’s degree at Shanghai University.

She said he had most recently visited his parents in August and September.

She said she was aware of Nvidia and Megaspeed, but insisted her son had no involvement with the Singaporean company.

This is only one of several puzzling findings journalists have uncovered while attempting to locate Megaspeed representatives. Over the past three years, the firm has ranked among Nvidia’s largest foreign customers, purchasing nearly $5 billion in AI chips and advanced hardware.

The Straits Times reported that Swiftdata—the little-known company that owns Megaspeed—listed a registered business address in Singapore, though an interior design firm said it has occupied those premises for more than four years.

Last year, The New York Times visited Megaspeed’s Singapore headquarters in the central business district, but found only two employees on site.

And in neighboring Malaysia, the Times found that one of Megaspeed’s offices was a dilapidated storefront in the capital. Another was located in a shopping mall. When one employee emerged in the mall, she was asked what the company did.

“It’s not clear,” she said.

Kang is also registered as a director in Megaspeed’s Malaysian, Indonesian, and Thai units.

Kang has not been accused of any wrongdoing. Attempts to contact him were unsuccessful.

Australian Security Concerns

In Australia, a former intelligence officer said they expected Australian security agencies would have sought briefings from overseas counterparts about Megaspeed or undertaken their own assessments of the local subsidiary this week.

Michael Shoebridge, the director of the security think tank Strategic Analysis Australia and a former deputy of the Australian Signals Directorate and the Defence Intelligence Organisation (ASIO), said key details about Megaspeed’s relationship with Chinese intelligence remained unclear.

He suggested it would be “credible” to assess the company as a “front for Chinese intelligence,” though nothing was certain.

The Chinese government has flatly rejected any claims that Alice Huang was a spy. A foreign ministry spokesperson, Guo Jiakun, said earlier this week that the allegations were “unsubstantiated” and “nothing but smears against China.”

Shoebridge said Megaspeed’s Australian operation could be a legitimate business or designed to make the Singapore-based parent company “look credible” by having overseas affiliates.

ASIO declined to comment when asked if it was examining Megaspeed Australia. The office of the Australian home affairs minister, Tony Burke, also declined to comment.

The acting prime minister, Richard Marles, was asked on ABC TV this week whether there had been discussions inside government “about some of the potential spying that could be taking place within Australian companies.”

On ABC radio, Marles, speaking generally, said: “We are living in a world where there is more espionage than there has been for a long time. A lot of that is particularly around emerging technologies.”

The federal opposition said any potential foreign interference “must be taken seriously.”

Megaspeed International did not respond to a request for comment or information about its Australian arm. Messages to a Facebook page that last posted in 2020 and an associated email address went unanswered.

ASIC documents show Kang was born in 1996 in Shanghai and has been listed as Megaspeed Australia’s director since the company was registered. They reveal Megaspeed International owns all 10,000 shares of Megaspeed Australia’s stock, for which it paid $1 million.

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