Megaspeed hires outside lawyers to investigate reports involving its AI cloud business

According to a CNBC report on November 15, 2026, Singapore-headquartered AI cloud service provider Megaspeed hired outside legal counsel to investigate media reports involving its AI cloud business, supply chain, and global operations, and said the reports lacked verifiable evidence; the company also announced that Alice Huang had left on August 30, 2025. Previously, on November 12, the company said it was cooperating with an inspection by the U.S. Department of Commerce's Bureau of Industry and Security and had hired a U.S. law firm to lead a full GPU inventory and an independent review of export control compliance. The Singapore Ministry of Home Affairs announced the same day that police and customs had since February 2025 been investigating Megaspeed and its controller on suspicion of false declarations in server purchases, among other grounds; the servers involved were exported via Singapore to Malaysia, and police are still verifying whether it violated declarations by being transshipped to other destinations.