Alice Huang tied to Nvidia's biggest Chinese competitor

Private intelligence firm Tesari says Alice Huang, reportedly the romantic partner of former Nvidia CEO Jensen Huang, had business interests connected to Huawei, Nvidia’s leading Chinese rival. The findings, based on Chinese corporate records and media reports, raise questions about whether her commercial ties overlapped with her relationship with Jensen Huang and her work with Nvidia. The report notes that U.S. intelligence has reportedly alleged Alice Huang is a Chinese spy, though it presents no conclusion establishing her intent or whether Jensen Huang knew of the Huawei connections. Tesari’s vice president called for a national security and counterproliferation investigation, saying unauthorized transfers of controlled equipment to Huawei could trigger export-control, conspiracy or smuggling charges.

The reported links run through several companies. Alice Huang sold her cloud business Osmanthus to gaming company 7Road in 2019; a Singapore-based 7Road subsidiary later became Megaspeed, which reportedly helped facilitate at least $7.5 billion in Nvidia chip shipments to Chinese firms. Separately, Huang co-owned investment firm Shanghai Hexi, which acquired a stake in data-center developer Shanghai Century Longteng. That company controlled a Shenzhen data center whose key customer was Huawei Cloud; Hexi also guaranteed loans for the facility. It is unclear whether the center obtained Nvidia GPUs, although its majority owner began buying them in 2023. Hexi sold its stake in 2024, but Huang’s husband and business associate remained connected to the data-center company and had attended the signing of its Huawei agreement. Nvidia, Huawei and the people involved did not respond to requests for comment.