Alleged Chinese spy left Megaspeed last year, company says

Singapore-based cloud computing company Megaspeed International says Chinese businesswoman Alice Huang, whose relationship with former Nvidia chief executive Jensen Huang sparked US national security concerns, left the company last year.Megaspeed, which is under scrutiny over alleged transfers of advanced Nvidia chips to Chinese companies, also announced an internal investigation led by outside lawyers.The company said it ran a "legitimate and lawful business" and was aware of media reports containing claims about its business, supply chain and global operations "that are not supported by verifiable evidence".It did not address specific allegations."The company has retained external legal counsel to conduct a thorough internal investigation," it said in an emailed statement.Jensen Huang (right) admitted to having an affair with Megaspeed's Alice Huang. (Supplied: NetThunder/LinkedIn)Alice Huang "left Megaspeed effective August 30, 2025, and currently has no role with the company," the statement said."Megaspeed does not comment on Ms Huang's personal and private matters."A customer and cloud partner of Nvidia, Megaspeed has faced scrutiny in recent months, including from US authorities, over allegations that it circumvented US export restrictions to route large quantities of advanced chips to Chinese companies.Last December, it said there was "no evidence" of illicit chip transfers.Singapore's government said last week it initiated an investigation into Megaspeed in February 2025, including possible "false declarations in relation to the purchase of servers".Authorities also investigated Alice Huang, whom the government identified as Megaspeed's then-chief executive, chairperson and one of its key controllers.Singapore authorities questioned her and withheld her passport last year. They later concluded there was insufficient evidence that she had committed a crime, despite suspecting she had provided "inaccurate" information to downplay her role at the company.An earlier New York Times report suggested US officials believed Alice Huang was a Chinese spy recruited to potentially influence Nvidia to make its advanced chips more available to China.As scrutiny intensified and reports of her romantic relationship with Jensen Huang gained attention, Nvidia announced on Thursday that he was stepping down as chief executive.Nvidia's chips are widely used to develop AI models. (Reuters: Ann Wang)US Attorney General Todd Blanche said, however, that the Justice Department had not concluded whether Alice Huang was a Chinese spy.Asked whether she was a spy, President Donald Trump said: "I don't know if that's been determined yet."Beijing rejected the allegations as unsubstantiated.The Associated Press has been unable to reach Alice Huang for comment.Megaspeed began as the overseas arm of a Chinese video game developer and was incorporated in Singapore in 2015 as 7Road International.It adopted its current name in March 2023, when all its shares were transferred to Huang Le Limited, a British Virgin Islands company. Alice Huang is also known by her Chinese name, Huang Le.By November 2023, she was no longer listed as a Megaspeed director, and all her shares had been transferred to an entity owned by Singaporean businessman Tan Yong Pong, also known as James Tan.Despite those public records, short seller Culper Research cited a Megaspeed employee in a report released this May as saying Alice Huang was "actually still our boss" and remained involved in daily operations.The company's finances have also attracted attention. Singapore corporate records show its total assets rose roughly 90-fold from the end of 2023 to 2024, reaching almost $US3 billion ($4.4 billion).AP