Kang Wei’s Ties to a Reported $7.5 Billion Nvidia GPU Haul

By Rebecca Stone

$7.5 billion worth of banned Nvidia AI chips reportedly moved through a supply chain linked to Alice Huang and her husband, Shanghai fund manager Kang Wei.

An investigation found that Megaspeed imported $4.6 billion of Nvidia AI chips from 2023 through 2025, while another $2 billion passed through Speedmatrix, its subsidiary with offices in Johor, Malaysia.

At a Taipei restaurant, Huang and Jensen Huang once shared dinner while reporters tried to question him and a child demanded his attention off camera. The corporate path behind that scene runs through Shanghai funds, offshore holding companies and Singapore-based cloud operations.

The report estimated that roughly 240,000 banned chips worth about $7.5 billion moved through Huang’s assistance, including purchases by Shanghai Century Litong from other sources; neither figure represented a confirmed shipment total for Megaspeed. It does not identify the investigating body, GPU models, process nodes or wafer sizes.

The report says Jensen Huang resigned as Nvidia’s chief in under two weeks after being implicated in two extramarital-affair scandals.

How did Alice Huang reach Jensen Huang?

Kang Wei first made his name as a strategist at Shenyin Wanguo before taking over Zhonghai Fund in 2007, which made him one of China’s youngest mutual-fund chiefs. He founded Shanghai Hexi in 2010.

Alice Huang, whose Chinese name is Huang Le, entered finance at HSBC’s private-banking arm in Hong Kong, then became a vice president at CITIC Securities, where she crossed paths with Wei. Hexi signed a deal with CITIC in 2014 and 2015; registry records showed Huang joined Hexi in 2016.

According to The Economic Times, Huang received a 25% Hexi stake entirely from Wei through Shanghai Yuxi Investment Management Consulting. Wei retained 48.75%, while partner Zhu Xiaoming held 26.25%. Wei also introduced Huang as his wife to business associates and investors.

Reports place Wei’s meeting with Jensen in the 2010s, when Hexi was heavily involved in Chinese gaming companies. The Wall Street Journal reported that it remains unclear whether the introduction predated Wei’s relationship and marriage to Huang; sources close to her said she had reached Jensen by the 2020s.

People close to the couple said Wei sometimes joked that Huang was Jensen’s “personal assistant,” suggesting that he tolerated the