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Megaspeed

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Megaspeed
Formerly7Road International (2015–2023)
TypePrivate
IndustryCloud computing
Founded2015; 11 years ago (2015)
Headquarters
Singapore
Key peopleTan Yong Pong (CEO)
Services
Total assetsIncrease US$3 billion (2024)
ParentSwiftdata
SubsidiariesSpeedmatrix
Websitemegaspeed.ai

Megaspeed International Pte. Ltd. is a cloud computing provider based in Singapore. It supplies artificial intelligence computing power and hosting services. The company is under investigation for its alleged role in supplying Nvidia chips as a Nvidia Cloud Partner to Chinese companies without U.S. government permission.

History

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Megaspeed was founded in 2015 as 7Road International PTE, the the Singaporean subsidiary of the Chinese gaming firm 7Road Holdings. In 2023, Alice Huang and a group of investors acquired the subsidiary and later sold it to a British Virgin Islands-registered company associated with Huang. It was renamed as Megaspeed International in March 2023.[1][2] Huang joined the company and serving as its managing director until November 2023. Huang also served as the director and managing director of the company's Indonesia subsidiary in the same period.[3] Kang Wei also worked with Huang in building the business.[4] In November 2023, Megaspeed was acquired by Swiftdata, a Singapore-based company which had been incorporated a few weeks before owned by Singaporean citizen Tan Yong Pong. Following the acquisition, Tan became its sole director.[5]

In 2024, Megaspeed registered affiliates across the United States, Australia, Malaysia, Indonesia, and Thailand.[6] In the same year, Tan established Speedmatrix, a Malaysia-based subsidiary.[5] One of Megaspeed's biggest clients became Alibaba Group, the online Chinese retailer.[7] Megaspeed was Alibaba Group's anchor customer for cloud services in Southeast Asia since the beginning, and was its biggest client.[8] The Wall Street Journal reported Alibaba Group was looking for a partner that would help it access data centers with chips from the American multinational technology corporation Nvidia. Megaspeed told the Nvidia team in an early meeting about its relationship with Alibaba Group.[9] Megaspeed later told Nvidia that Alibaba Group would be an anchor customer. Later, Megaspeed became an Nvidia Cloud Partner in the Asia-Pacific region and acquired around US$5 billion in AI chips and advanced hardware in November 2023, giving the company priority access to chips.[10]

According to the Journal, Megaspeed also brought servers it acquired from Nvidia to data centers in Malaysia, which provided computing power to Alibaba, and shipped some of the servers to China, including the Shanghai-based Century Litong which Kang had done business with.[11] In June 2024, Alibaba Group, through its Singaporean subsidiary called Apex Enterprise Solutions, lent money to Megaspeed, via its Malaysian subsidiary Speedmatrix, with Speedmatrix pledging its entire business as collateral for the loan. In 2024, Megaspeed's balance sheet increased from $33 million to $3 billion, mostly due to its subsidiaries’ dealings.[8] In the summer of 2024, Megaspeed International entered into a joint partnership with Nvidia. Megaspeed was planning on purchasing $2 billion of Nvidia's stock.[12] The Journal reported Kang and Huang also planned several data centre projects from late 2024 to June 2025, including two in Southeast Asia and one in Shanghai, with the couple expressing confidence expecting to triple their money in three years and get Nvidia chips to China.[11] Also, in 2024, Megaspeed investor presentation featured a rendering of the Yangtze River Delta Project, an artificial intelligence data center located in Shanghai, China.[13] Between May and June 2024, a subsidiary of Shanghai Longteng Intelligent Computing, a company founded by Alice Huang and majority-owned by her sister, Huang Yu, until January 2026, installed computing servers valued at ¥747 million renminbi at the Shanghai facility.[13] Another company, Shanghai Shuoyao, had installed Nvidia H100 and H200 processors on its data center.[13] The data center's president, Kang Wei, served as an executive at Shanghai Hexi, a private equity firm that provided financial backing for the project.[13] From 2024 to 2026, the Indonesian subsidiary of Megaspeed had purchased hardware from Nvidia, including H100 processors, from Giga Computing a subsidiary of Gigabyte Technology.[3]

In January 2025, a unit of Shanghai Longteng Intelligent Computing filed documents with the People's Bank of China pledging 193 servers at the Yangtze River Delta Project as collateral for financing.[13] The hardware, valued at ¥485 million renminbi, included 119 servers from Gigabyte Technology, 52 servers from Super Micro Computer containing restricted Nvidia H100 and H200 chips, and 22 Dell Technologies servers containing restricted Nvidia H800 chips.[13] The Dell servers were originally sold to Aperia Cloud Services, another Singapore-based Nvidia Cloud Partner.[13] In February 2025, Dell ceased sales to Aperia due to unauthorized diversion concerns, and later its chief executive officer was arrested in Singapore for defrauding server suppliers.[13] In early 2025, Huang and Kang sought investment worth several hundred million dollars for a Southeast Asia data center project, and told investors they had "no problem securing GPUs" and cited Alibaba Group as a partner for the project.[8]

In 2024, during the Biden Administration, the United States Department of Commerce was investigating whether Megaspeed was circumventing American export restrictions.[12] Their suspicion held that Huang was flying to Taiwan, repackaging Nvidia chips, and smuggling them into China to be sold as Megaspeed products.[14] From 2025, the U.S. Commerce Department and intelligence agencies began investigating the company for potential export control violations regarding the alleged shipment of restricted Nvidia processors to Chinese firms. Concurrently, Singapore and Malaysia also launched investigations into Megaspeed and its subsidiary, Speedmatrix, over suspected breaches of domestic laws related to the diversion of advanced AI chips. Following a 2025 investigation, Singaporean and Taiwanese authorities barred former director Alice Huang from re-entering their countries but was allowed to return to Beijing.[15] In her absence, another CEO has been overseeing Megaspeed's operations.[14] By November 2026, Singapore prosecutors had charged five individuals in relation to the Aperia case.[16] During the same month, Nvidia CEO Jensen Huang resigned following reports of an extramarital affair with Alice Huang, whom United States intelligence agencies have flagged as a Chinese intelligence asset and was using Megaspeed and its associated corporate network to pass commercial information and restricted technology to Beijing.[6]

References

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  1. ↑ Berman, Noah (11 November 2026). "The Rise and Rise of Alice Huang". The Wire China. Retrieved 13 November 2026.
  2. ↑ Carlson, Adam (November 9, 2026). "Former TV Reporter Is Linked to Billionaire CEO's Sex Scandal After He Admits Affair. Where Did She Go?". People. Retrieved 13 November 2026.
  3. 1 2 Lee, Wen-Yee; Silver, Andrew; Chen, Laurie; Chen, Laurie (2026-11-10). "Who is Alice Huang, the Chinese businesswoman tied to Nvidia's CEO?". Reuters. Retrieved 2026-11-13.
  4. ↑ Wei, Lingling (2026-11-12). "A Mystery Businessman Introduced Jensen Huang to His Paramour. It Was Her Husband". The Wall Street Journal. ISSN 0099-9660. Archived from the original on 2026-11-12. Retrieved 2026-11-12.
  5. 1 2 Ang, Angelica; Ganglani, Jay. "How Megaspeed built a network in Singapore and Malaysia to move $7.5 billion of Nvidia chips to Chinese companies". Fortune. Retrieved 2026-11-13.
  6. 1 2 Lamb, Kate; Butler, Josh (2026-11-13). "A baffling trail from Australia to Singapore: what is Megaspeed, the company implicated in downfall of Nvidia's Jensen Huang?". The Guardian. ISSN 0261-3077. Retrieved 2026-11-13.
  7. ↑ Mozur, Paul; Swanson, Ana; Mickle, Tripp; Forsythe, Michael (2026-11-10). "Who Is Alice Huang, the Woman in the Middle of Nvidia's Spy Scandal?". The New York Times. ISSN 0362-4331. Archived from the original on 2026-11-11. Retrieved 2026-11-11.
  8. 1 2 3 Olcott, Eleanor; Wu, Zijing (9 November 2026). "Alleged Chinese spy linked to Nvidia chief pitched AI chip deals to investors". Financial Times. Archived from the original on 9 November 2026. Retrieved 13 November 2026.
  9. ↑ Olcott, Eleanor; Wu, Zijing (10 November 2026). "Alice Huang's tangled web of connections". Financial Times. Archived from the original on 11 November 2026. Retrieved 13 November 2026.
  10. ↑ Hawkins, Mackenzie; Lin, Andy; Lindberg, Kari Soo (2025-12-22). "Nvidia's Biggest Southeast Asian Partner Dogged by China Chip Smuggling Questions". Bloomberg News. Retrieved 2026-11-13.
  11. 1 2 Wei, Lingling (2026-11-12). "A Mystery Businessman Introduced Jensen Huang to His Paramour. It Was Her Husband". The Wall Street Journal. ISSN 0099-9660. Archived from the original on 2026-11-12. Retrieved 2026-11-12.
  12. 1 2 Swanson, Ana; Mickle, Tripp; Mozur, Paul; Hvistendahl, Mara (2025-10-09). "A Mystery C.E.O. and Billions in Sales: Is China Buying Banned Nvidia Chips?". The New York Times. ISSN 0362-4331. Archived from the original on 2025-11-10. Retrieved 2026-11-11.
  13. 1 2 3 4 5 6 7 8 Lin, Andy; Hawkins, Mackenzie; Lindberg, Kari Soo (2026-11-13). "Alice Huang-Linked Firm Procured Banned Nvidia Chips in China". Bloomberg News. Retrieved 2026-11-13.
  14. 1 2 Mozur, Paul; Swanson, Ana; Mickle, Tripp; Forsythe, Michael (2026-11-10). "Who Is Alice Huang, the Woman in the Middle of Nvidia's Spy Scandal?". The New York Times. ISSN 0362-4331. Archived from the original on 2026-11-11. Retrieved 2026-11-11.
  15. ↑ "Alice Huang barred from re-entering Singapore after providing inaccurate information to police: MHA". The Straits Times. 2026-11-12. ISSN 0585-3923. Retrieved 2026-11-13.
  16. ↑ "Man handed 41 charges in relation to Nvidia chips case". The Straits Times. 2026-11-13. ISSN 0585-3923. Retrieved 2026-11-13.
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