Two People Say Alice Huang-Linked Firms Obtained at Least $7.5 Billion in Nvidia GPUs

Two people familiar with Alice Huang alleged that businesses linked to her obtained at least $7.5 billion in Nvidia GPUs for China's market through a network spanning China and Singapore.

They said her personal relationship with Nvidia CEO Jensen Huang helped her and family-linked businesses secure the chips, and dated that relationship to at least 2023.

The network included Shanghai Century Litong in China and Megaspeed International in Singapore, along with Alice Huang's husband, Kang Wei, and sister, Huang Yu. Some GPUs acquired through the network served Alibaba, Tencent and Chinese AI labs.

The business also extended beyond chip procurement into data-center operations and computing-power rentals, linking GPU supply with services for firms seeking AI capacity.

A longtime acquaintance said Kang had told them he knew Jensen Huang in the 2010s, when Kang was a private-equity investor who had acquired game companies. The allegations put cross-border GPU supply at the intersection of U.S. export controls and China's demand for AI computing capacity.