Jensen Huang's 'spy' mistress had a secret HUSBAND: Nvidia plot thickens as details emerge on lover's past with financier who fell foul of Chinese authorities

The alleged Chinese spy with whom Nvidia boss Jensen Huang admitted to having an affair was previously in a relationship with a financier 'husband' who had been accused of insider trading.Huang, 63, confessed in a memo to his staff on Sunday to carrying out an affair with a Chinese entrepreneur who has been under investigation for allegedly passing information to Beijing. It is unclear when the tryst began, but reports now say the entrepreneur, Alice Huang, of no relation to the Nvidia CEO, had earlier been in a romantic relationship with her business associate, Kang Wei.Kang founded private equity group Hexi Capital in 2010, and Ms Huang joined the company just five years later, according to the Financial Times.The company now has a range of tech investments, including in the gaming industry and in data centers.But in 2018, Kang's firm was fined $2.6 million, with Kang personally fined $60,000 for disclosure violations and illegal trading during a restricted period linked to the takeover of Huiqui Technology, according to documents obtained by the New York Post.The firm was also fined by the China Securities Regulatory Commission last year for failing to disclose an insider stake in a company it acquired.Still, Huang and Kang were able to create an interconnected web of companies to carry out corporate takeovers and invest in businesses, The New York Times reports.Kang, 51, was then introduced as Huang's husband to Chinese investors and employees of her company, Megaspeed, people familiar with the power couple told the Times. Chinese businesswoman and accused spy Alice Huang (pictured) had been in a relationship with financier Kang Wei, with those close to the couple saying Kang was introduced as her husband at meetings with investors and employees of her company, MegaspeedNvidia boss Jensen Huang has since admitted to having an affair with Ms Huang, and the two were photographed together on multiple occasions beginning in 2024At those meetings, Kang would brag about Huang's connections to the Nvidia founder – and use those ties to raise money for their business, one of the sources said.By the spring of 2020, Kang and Huang's network landed a major project – helping build and operate an AI computing center in Shanghai for the Internet giant Tencent, and the couple were able to reinvent themselves as AI entrepreneurs.It is unclear when Huang then struck up a relationship with the Nvidia boss, but reports detail how she would openly boast about how close she was to him as far back as June 2024. At a computer industry trade show in Taipei at the time, sources told the Wall Street Journal that she displayed her cozy relationship with Huang to executives by summoning him to a bar where they were drinking.She reportedly told the group: 'Jensen's a great friend of mine,' and he arrived just a few minutes after she texted him to join them. The artificial intelligence chief then showed up in his trademark leather jacket, and held court with the executives in the bar for some time as a picture was snapped of the Nvidia CEO and the alleged spy sat closely beside each other.On another trip to Taipei in May 2025, Huang was again seen with Ms Huang at a dinner, where they were spotted kissing on the cheek and sharing touches on the arm, per the Wall Street Journal. It is unclear when Huang struck up a relationship with the Nvidia boss, but reports detail how she would openly boast about how close she was to himNewly-released photos show her cuddled up next to the 63-year-old tech CEO, raising wine glasses in a toast and sitting next to one another smilingIn other images that have been unearthed following the scandal, the Nvidia CEO and alleged Chinese spy were seen raising wine glasses in a toast and sharing a smiling picture sat next to each other at other points during their relationship. Meanwhile, in early 2025, Ms Huang pitched an AI chips deal to Chinese-based investors, touting her ability to secure Nvidia's coveted graphics processing units and her commercial relationship with Alibaba, two investors pitched on the deal told the Financial Times.She had sought their investment for a southeast Asia data center project worth several hundred million dollars, but did not disclose her relationship with Huang. Back in the United States, meanwhile, officials were briefed that Ms Huang was working for Beijing's Ministry of State Security as part of an effort to learn about American-made AI chips and possibly persuade Nvidia to make its most sophisticated semiconductors available in China, according to The New York Times.The US officials noted that the Megaspeed executive speaks English well and has relationships with executives at the highest levels of the AI chip industry.Separately, Washington was investigating Megaspeed over concerns it may have been involved in smuggling hardware to China – prompting the government to ask Nvidia to audit the firm last year.In its initial report, the chipmaker said the hardware was fully accounted for, but records obtained by Bloomberg News show that Megaspeed had imported 50,000 more chips than Nvidia found in its data centers.The AI chip company then pledged in December 2025 to visit Megaspeed's data centers again, but it is unclear whether that happened. At a computer industry trade show in Taipei at the time, sources told the Wall Street Journal that she displayed her cozy relationship with Huang to executives by summoning him to a bar where they were drinking. The two are pictured at the event Amid the scandal, both Nvidia and Jensen Huang were sued on Monday by shareholders. The action accused the defendants of misleading shareholders about the affair before it caused Nvidia shares to dip 4.3 percent by close on Monday, reducing the company's market capitalization by approximately $190 billion. However, while Huang confessed to the affair, Nvidia insists that it had no knowledge of any investigations into Megaspeed or Ms Huang, and said it has 'no reason to believe that either national security or Nvidia secrets were compromised.'The company said it has launched an internal probe to further 'examine all available information,' a move that was supported by the CEO, Nvidia said. The scandal also comes as the Nvidia chief has become a critical member in President Trump's orbit due to his company's crucial role in the acceleration of 'superintelligence.' And it was also revealed on Sunday that Secretary of State Marco Rubio allegedly knew about Huang's sordid relationship as early as spring of this year, but still kept him in Trump's close circle. Jensen Huang spoke alongside Trump about investing in America at the White House in April 2025According to The New York Times, Rubio oversaw the drafting of the highly classified memo this past spring that warned top Trump officials of Huang's close relationship with the suspected spy.The document itself was based on classified intelligence from electronic surveillance that was conducted on Alice Huang.When he found out, Rubio warned other Trump officials through a memo just before the president's trip to China, a person close to the matter told the NYT.Mr Huang was initially left off the list of tech titans who were invited to join Trump in China, but it is unclear if the exclusion was because of Rubio's memo, the outlet stated.However, Mr Huang did end up joining the president on the trip.When Rubio then let the information out to top officials, many were concerned about Mr Huang's influence on Trump's policy of lightly regulating AI technology, those briefed on the matter told the publication.Still, Mr Huang has been spotted with Trump on several occasions, and this week, the president leapt to defend Huang after the CEO admitted to the scandal, describing him as a 'fine person' who he was not concerned about.'He's done such an incredible job... He's a fine person in my opinion,' Trump told reporters on Sunday when questioned about his relationship with the tech CEO. 'I think he's an honorable guy I think he probably has an excuse for it. You have to hear it. No, you can't do that with people. He's done an amazing job for our country,' he said.