Megaspeed affiliate linked to Australian newsagent in Nvidia scandal
A 29-year-old Shanghai man is listed as director of Megaspeed International affiliates in the US and Australia, using his mother's newsagency in rural Victoria as his address. The Singapore firm faces US and Singapore investigations over alleged Nvidia chip diversions to China.
A Singapore-based cloud-computing company at the centre of a scandal involving Nvidia's chief executive has registered affiliates in the United States and Australia using a 29-year-old Shanghai man as their sole officer, according to corporate filings reviewed by Reuters. The man's listed address is a newsagent and lottery retailer in Seymour, a regional town north of Melbourne.
Megaspeed International has faced scrutiny since reports emerged of a close relationship between Nvidia CEO Jensen Huang and Alice Huang, a controlling shareholder of Megaspeed, who US intelligence officials suspect of spying for Beijing. Jensen Huang admitted on Sunday he had been unfaithful to his wife but gave no details. Beijing called the spying claim "a groundless accusation, slander and a smear." Alice Huang could not be reached for comment.
Filings with the US state of Delaware and the Australian Securities and Investments Commission, both created in 2024, list Kai Kang as director or president of the affiliates. Kang was born in Shanghai, according to the Australian filing, which also lists the Singapore-based parent as the company's stockholder. Kang is also registered as director in Megaspeed's Malaysian, Indonesian and Thai units, company registrations show.
Reuters visited the Seymour address listed for the affiliates, a store called Seymour News. A woman who said she was Kang's mother and had run the business for about 16 years said Kang did not work there and was based in Shanghai. "He doesn't have any business here," she said, adding that Kang had completed a master's degree at Shanghai University and last visited in August and September to escape Shanghai's summer heat. She said she knew about Nvidia and Megaspeed but maintained her son had nothing to do with the Singapore company.
Megaspeed Australia's business address is a virtual office on the 10th floor of a building in Sydney's central business district. The company first attracted attention a year ago when the New York Times reported it was under US investigation over whether it was helping Chinese customers obtain advanced Nvidia chips subject to Washington's export controls. Last October, Singapore police said they were investigating Megaspeed over "suspected breaches of our domestic laws."
Reuters could not determine whether Australian authorities were investigating the firm. The Australian Security Intelligence Organisation said it does not confirm or comment on investigations.