Megaspeed Assets Hit $3 Billion as Alice Huang Leaves Firm

Singapore corporate records show total assets at cloud computing firm Megaspeed International rose roughly 90-fold from end-2023 to 2024, reaching almost $3 billion.

Megaspeed announced that Chinese businesswoman Alice Huang left the company effective August 30, 2025, and holds no role there, according to Mint. The Singapore-based firm said that it runs a legitimate and lawful business while confirming that external legal counsel was retained to lead an internal investigation into media reports regarding its supply chain and global operations.

The company has retained external legal counsel to conduct a thorough internal investigation

Megaspeed, Statement

The firm began as the overseas arm of a Chinese video game developer and was incorporated in Singapore in 2015 under the name 7Road International, before adopting its current title in March 2023 when its shares transferred to the British Virgin Islands entity Huang Le Limited. Alice Huang served as managing director during the reorganization and remained listed as a director until November 2023.

U.S. intelligence officials believe she operated as an intelligence asset recruited by Beijing’s main civilian intelligence service, the Ministry of State Security, with the alleged objectives of gaining access to artificial intelligence technology development and influencing American export policy through her connection to Jensen Huang.

The company’s ties to Nvidia and its server supply chains have drawn international attention. Investigators seized Alice Huang’s passport in June 2025 and held it for eight months, preventing her departure while authorities tried to engage U.S. counterparts. She had flown into Singapore that June for a voluntary interview with investigators from the United States and Singapore.

Although local authorities suspected she provided inaccurate information to downplay her role, they concluded there was insufficient evidence that she committed a crime. She was ordered to leave the country on February 26, 2026, according to CBS News. Singapore’s Home Ministry said that its investigation into Megaspeed and six other individuals is ongoing, and none of those six individuals have been in the country since the inquiry began.

Malaysian Prime Minister Anwar Ibrahim said that there was no indication any chips linked to the matter had been re-exported from Malaysian data centers, where Nvidia chips were installed and rented out to Chinese clients.

Jensen Huang acknowledged an extramarital affair with Alice Huang in a letter to employees on November 8, 2026, and subsequently resigned as CEO on November 12, 2026, according to CNBC. U.S. Foreign Ministry spokesperson Mao Ning told reporters that Beijing had no information regarding reports of her return to China.

Singapore’s Home Ministry said Singapore is committed to upholding its reputation as a trusted and reliable business hub. The ministry added that the country will cooperate with foreign authorities where appropriate, and take firm enforcement action wherever the evidence warrants it.

The ministry added that investigations involving Megaspeed and six other wanted individuals remain active, as the Wall Street Journal detailed.

“The suspected domestic offenses pertained to potential false declarations in relation to the purchase of servers and other related offenses,” Singapore's Home Affairs Ministry said in its statement this week.