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The Financial Times reported that Huang Le once promoted the Southeast Asia data center plan to Chinese investors, claiming that he could obtain Huida GPUs and seeking cooperation through Alibaba. Relevant turmoil also included Huang Renxun’s extramarital affair and suspicion of espionage.
According to the British Financial Times,Jen-Hsun Huang Huang Le, the central figure in the extramarital affair scandal, once promoted a massive data center project to Chinese investors and claimed he had the potential to acquire NVIDIA.Huida Graphics processor and announced its business partnership with Chinese tech giant Alibaba.
Huang Le (transliteration, also known as Alice Huang) and her business partner Kang Wei (transliteration) sought investment from Chinese investors and planned to build a large data center in Southeast Asia, according to two people who heard the investment proposal, the report said. The two assured that “there is definitely a way to get Nvidia graphics processors (GPUs)”, and also said that Alibaba is also one of the customers of the project.
According to current US export control rules, Chinese companies can legally rent computing resources in data centers located overseas, but they are not allowed to own these data center assets, most of which are advanced GPUs from major US chip maker Huida.
Huang Le did not disclose any close relationship with Huida CEO Huang Renxun in this investment presentation or daily business transactions.
The woman made headlines this month when it was reported that the United States believed Huang had an extramarital affair with a woman recruited by China’s Ministry of State Security intelligence agency to spy for China.
According to people familiar with the matter, US officials wrote a memorandum this year based on information provided by US intelligence agencies, which mentioned that Huang Renxun had betrayed Huang Le. Huang Le briefly served as a senior executive at Huida’s client, Singapore data center operator MegaSpeed. MegaSpeed is currently under investigation in multiple jurisdictions for suspected chip smuggling, but the company strongly denies involvement in any illegal chip transactions.
In addition, Huang Le is also a partner of Shanghai Hexi Investment Management. The fund was established in 2010, but according to Chinese enterprise registration information, the fund has stopped updating annual performance from 2022, and many of its fund products have also ceased operations.
Jen-Hsun Huang admitted yesterday that he was unfaithful to his wife. Earlier, The New York Times was the first to reveal that the United States believes that Jen-Hsun Huang was the target of espionage activities by Chinese authorities.
Huida’s share price fell 4% in early trading today, after Huida’s board of directors said it would launch an investigation into the relevant reports.
The Financial Times was unable to independently verify the spying allegations. China’s Foreign Ministry said the related allegations were baseless and described them as slander and slander.
According to corporate registration information, Huang Le’s business partner Kang Wei also serves as a director of the Bank of Guilin of China, a state-controlled bank whose main investor is the local transportation authority. The reporter tried to contact Kang Wei by phone and WeChat, but received no response; Huang Le cannot be contacted by phone at present and it is suspected that his WeChat and email accounts have been deleted.
Photos obtained by the Financial Times show that Huang Renxun and Huang Le once attended a dinner together in Shanghai; Huida, which has the largest number of employees in China, is based in Shanghai. The two have also been photographed together in Hong Kong and California. However, none of these photos suggested that the two had an inappropriate relationship, and many of them were taken at gatherings with multiple people.
MegaSpeed also used its relationship with Alibaba to seek collaboration opportunities with investors, the report said.
Company documents show that in June 2024, Alibaba provided a loan to MegaSpeed’s Malaysian subsidiary SpeedMatrix through a Singaporean subsidiary called Apex Enterprise Solutions.
Under the loan agreement, Speedmatrix pledged its entire business as security for the loan. For the full year 2024, MegaSpeed’s balance sheet grew from US$33 million to US$3 billion, a large portion of which was related to the trading transactions of its subsidiaries.
