Alice Huang, alleged to be a Chinese spy, leaves a trail of shell companies and vacant offices from Singapore to Johor

Alice Huang, former director of Singapore tech company Megaspeed, was alleged this week to be a Chinese spy, reportedly gathering company secrets for Beijing during a romantic relationship with Nvidia co-founder Jensen Huang; Beijing denies the espionage allegations. Megaspeed is alleged to have helped evade trade restrictions under the guise of purchasing hardware and to have shipped Nvidia chips into China; Singapore police opened an investigation in February 2025 into the company and others suspected of evading or violating export controls; according to Singapore's Ministry of Home Affairs, Huang was banned from entering the country in February 2026 for providing false information to downplay her role at the company. Company records show that Megaspeed's revenue grew from zero to nearly 300 million US dollars within 12 months, and it reportedly handled more than 4 billion US dollars of Nvidia chips over two years, with funding chains running through Singapore, Malaysia and the Cayman Islands, and its business may have benefited from ties to Alibaba. Malaysia announced on Friday an investigation into whether its subsidiary Speedmatrix re-exported imported chips, and Megaspeed said it has hired a US law firm to review compliance.