Alleged Chinese spy Alice Huang pitched investors on Nvidia GPU access, Alibaba as customer

Alice Huang, the businesswoman U.S. intelligence suspects of working for China's Ministry of State Security and who had a relationship with Nvidia CEO Jensen Huang, pitched China-based investors in early 2025 on a Southeast Asian data center project worth several hundred million dollars, the Financial Times reports, citing two investors who heard the pitch. She and partner Kang Wei said they had "no problem securing GPUs" and named Alibaba as a customer. Company documents show an Alibaba Singapore subsidiary lent money in June 2024 to Megaspeed's Malaysian unit, and people familiar with the company say Alibaba was Megaspeed's anchor and largest customer. Megaspeed has denied any illicit chip activity.