The real Alice Huang

Forget Tinder, Hinge, or CrossFit, dear Intriguers.

The modern path to true love is now as simple as securing $5B of the world's most advanced chips then helplessly falling for Nvidia's all-powerful nerd-CEO along the way. At least... that's what some might now have us believe, insisting there's zero evidence Alice Huang (Jensen's former paramour) was some kind of spy for China.

And... those claims are partly right! Sure, media outlets are now awash with anonymous US spooks arguing they placed Alice under electronic surveillance for a year and concluded she was working for (or at least with) a specialised "chips unit" within China's Ministry of State Security (MSS).

But until any of those smoking-gun transcripts spill out via congressional probes or determined whistle-blowers, we're left taking the word of the same anonymous types who insisted Saddam had WMDs. Even if transcripts do emerge, Beijing can dismiss them all as fakes. It’s already insisting this whole thing is another smear.

So then... that's that? Well no, dear Intriguer, that's not that, because here's a quick wrap of the four biggest red flags now publicly available, starting with...

1. 👻 The résumé gaps

Filings on Simuwang (a premier private-equity database) suggest Alice started out as a journalist with state outlets like CCTV and Hunan TV, but there are zero by-lines in her name, a Hunan TV exec said he’d never heard of her, and a former CCTV anchor tweeted she did recognise the name, though recalled she was "not simple" (an intriguing line now completely scrubbed from China's internet).

Alice’s same Simuwang profile suggests she then pivoted to finance via stints at HSBC and state-owned CITIC (neither have commented) before emerging as a major shareholder and executive at Shanghai Hexi Investment, a private-equity shop founded by her then-husband (Kang Wei), who's now under criminal scrutiny.

So maybe that profile is legit, her ex-employers just have bad memories, and she was too junior a journalist to get a by-line. Or maybe that entire early career, dominated by stints with state-owned bodies who don’t remember her, was just a classic ghost resume: intel officers need a plausible cover or ‘legend’, and the easiest (though also most obvious) is generally via other state-controlled employers ("I'm just a diplomat / bureaucrat / state journalist"). Then there's...

2. 💸 The overnight empire

From managing Hexi's investments in Shanghai, Alice suddenly emerged in control of the Singaporean subsidiary of an obscure China-based gaming firm called 7Road International, that rapidly rebranded to Megaspeed and secured the coveted 'Nvidia Cloud Partner' status within months (basically meaning Megaspeed got priority access to Nvidia's elite chips, just as DC severed China's access).

Under Alice’s control, Megaspeed then bought $5B-$7B (140-240k chips) in restricted H100s and H200s, routing them via various regional shell entities and server farms used by China's tech giants like Alibaba. When the US Commerce Department started investigating, it found ~50,000 of the firm's semiconductors had vanished. And while we're on Alibaba, Singapore's corporate filings suggest the $260B player served as both Megaspeed's lead financier and anchor client.

So maybe Alice is an astonishingly nimble entrepreneur leading a garage-to-unicorn firm that caught the AI lightning in a bottle right as global chip supply chains went wild (and just momentarily lost track of $2B in merch).

Or maybe turning an obscure gaming shell into a multi-billion-dollar chip pipeline for a sanctioned superpower requires precisely this kind of state-backed corporate engineering and financial plumbing?

Then there's...

3. 🎭 The corporate shell games

As DC's export enforcers began sniffing around, Megaspeed's ownership suddenly transferred to Swiftdata, a newly minted Singaporean front. That helped Nvidia assure DC that this mysterious customer had no "equity" from China, though the wording left open the reality that the financing (and boss) still came from China.

And while we're splitting hairs, Singapore reportedly also questioned Alice; Beijing's propagandists have seized on Singapore's statement denying it had "investigated" her, but again, this might be a careful word-choice. Singapore has separately confirmed it’s investigating Megaspeed.

Either way, even after supposedly losing any role or equity in Megaspeed, Alice still kept openly presenting herself as its face.

So maybe this was all just standard corporate restructuring by a scrappy startup dodging regulatory scrutiny in a hostile geopolitical climate. Or maybe it's the behaviour of a classic cut-out: keep shuffling the shells and registry names while your proxy takes the regulatory meetings, and the chips just keep on flowing.

Then let's wrap with...

4. 💨 The vanishing act

Some are now highlighting the fact Alice had zero qualms broadcasting her Jensen ties, publicly sharing pics of them together at high-end dinners, bars, and summits. Surely no spy would engage in this kind of digital peacocking, right?

Either way, Alice has now vanished, with her last publicly documented appearance being at Taipei's Computex (with Jensen) back in May 2025. She later registered two new companies in Hong Kong this past July-August, but all her usual contact methods (phone, WeChat, email) now run dead.

So maybe this is a sad tale of an embarrassed executive understandably lying low amid a career-wrecking tabloid scandal, just leaving her phone on silent while the world parses her old holiday pics with a guy she loved.

Or… maybe all the selfies were just part of the legend (a real spy wouldn't do that!), if not her MSS promotion application (look at my elite access!), while the disappearing act just signalled the end of a honeypot.