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Reports indicate that the extramarital affair between Huang Renxun and Huang Le has caused a storm, and the puller was actually Huang Le’s husband Kang Wei; The relationship between three intertwined business interests, AI chips and investment in multiple locations, and affected investigations.
wall Street The daily quoted people familiar with the matter as saying that Huida (NVIDIA CEOJen-Hsun Huang His extramarital affair with Alice Huang is now threatening his position, and the man who introduced the two to each other was actually Huang Le’s husband, Kang Wei, a Chinese businessman who has known Huang Renxun for ten years.
Sources familiar with the couple revealed that over the past two years, Kang Wei had been okay with his wife’s romance with Huang, and had even publicly discussed their close relationship. Sometimes, Kang Wei would jokingly tell his friends that his wife was Huang’s personal assistant.
Congwei introduced Huang Le to Huang Renxun, a central figure in the global artificial intelligence (AI) craze, which best highlights how the couple used their personal connections to develop various businesses in mainland China, Singapore, Taiwan, and other locations.
People familiar with the business activities of the two said that in the past ten years, Kang Wei and Huang Le have been continuously pursuing new profit-making business opportunities, ranging from the acquisition of video game companies and pharmaceutical companies to cloud computing. Each time, they set up complex corporate networks, transferred equity between each other and made good use of their connections. For this pair, which has always been good at pursuing hot investment topics and sometimes violating regulatory rules, Huida AI chips is the latest wave of business opportunities.
Now, the couple is facing multiple investigations, and the storm over their relationship with Huang continues to expand.
People familiar with the couple said Kang Wei was detained in Shanghai for investigation earlier this year over a listed company’s stock manipulation case. Recently he was released and shared with friends a photo of himself taken at Stanford University.
Kang Wei, now about 50 years old, used to be a star fund manager in China. Later, he started his own business and established Shanghai Hexi Company in 2010. Huang Le, who is about 50, studied for a master’s degree in media management at Hong Kong Baptist University in the late 2000s. This information was provided by graduates of the same program.
Although it is not certain when the two met, Shanghai Hexi, whose name means “harmony and prosperity”, gradually became the center of their relationship centered on business interests. According to business registration information, the two started operating the company together in 2016.
Shanghai Hexi invested in many technology companies, including video game companies, which gave Congwei the opportunity to meet rising CEO Huang Renxun in Silicon Valley in the 2010s. At that time, Huida mainly produced graphics chips, and Huang Renxun met Congwei in Asia. An employee who once worked at one of Congwei’s portfolio companies said he had helped connect the two people.
In early 2020, Kang Wei and Huang Le began to shift the focus of their business to cloud computing to provide remote computing capabilities for enterprise customers. Through a company partly owned by the fund managed by the pair, they began to build relationships with many of China’s tech giants.
In 2023, the couple discovered another new business opportunity where they could use their connections: AI data centers. He acquired the Singapore subsidiary of a video game company in which he had previously invested, according to corporate registration information and people familiar with the matter. The subsidiary was renamed Megaspeed in March 2023 and Huang Le was registered as a director. Kang Wei also worked with him to advance his career, people familiar with the matter said.
People familiar with the negotiations at the time said a key driving force in helping MegaSpeed gain a foothold was Alibaba, the Chinese e-commerce leader that was actively deploying AI. Alibaba was looking for partners at the time in hopes of getting computing power through data centers located outside China equipped with large numbers of Huida chips, these people said.
Megaspeed told Huida that Alibaba will become the company’s major customer and its business scale will be enough to help Congwei and Huang Le’s companies obtain priority supply qualification for chips and become a “Huida Cloud Partner” in November 2023, people familiar with the matter said.
Soon after, Huang Le told an acquaintance that he had contacted Huang Renxun and that MegaSpeed’s business would soon start running smoothly.
People familiar with the matter said MegaSpeed will send many of the Huida servers it purchased to provide computing power for Alibaba to data centers in Malaysia.
