← Back to front page
Europe · Exchanges & live quotes · Euronext

Megaspeed's links to rural Australian store raise fresh questions in Nvidia scandal

Published by Euronext · France 9 h ago
Megaspeed's links to rural Australian store raise fresh questions in Nvidia scandal
Euronext

Detailed summary

Megaspeed International has been in the spotlight following reports that Nvidia CEO Jensen Huang had been involved in a close relationship with Chinese businesswoman Alice Huang,…

WILMINGTON, Delaware/MELBOURNE, Nov 12 (Reuters) - The Singapore company at the center of the scandal that has engulfed Nvidia's CEO has registered affiliates in the United States, Australia and other countries with a 29-year-old who listed his address as a newsagent and lottery retailer in a regional town outside Melbourne.

Megaspeed International has been in the spotlight following reports that Nvidia CEO Jensen Huang had been involved in a close relationship with Chinese businesswoman Alice Huang, a controlling shareholder of the Singapore-based cloud-computing company, ​who US intelligence officials believed was spying for Beijing.

Jensen Huang admitted on Sunday he had been unfaithful to his wife, but gave no details about the relationship, while Beijing has called the spying claim "a groundless accusation, slander and a smear." Alice Huang could not be reached for comment.

Megaspeed International filed papers in the US state of Delaware and with the Australian Securities and Investments Commission showing that the affiliates were created in 2024. Both filings list Kai Kang as the sole company officer, either as director or president. Kang was born in Shanghai, according to the Australian filing, which also lists the Singapore-based parent as the company's stockholder.

Kang is also registered as director in Megaspeed's Malaysian, Indonesian and Thai units, according to checks by Reuters of company registrations in those countries.

Reuters was unable to contact Kang so visited the home address that had been provided on the filings for the affiliates - a small store in Seymour, Victoria, about an hour's drive north of Melbourne.

The newsagency, called Seymour News, lies midway down a main street fronted by homeware stores and cafes. On Thursday, there was a revolving parade of locals, popping in to check their lottery tickets and buying gardening magazines or books for their grandchildren.

Reuters spoke with a woman who said she was Kang’s mother and had run the…

“He…

Opening of the article, excerpted from Euronext. To read the rest, open the article on the publisher's site.

Read the full article on Euronext Sign in to save

MarketNews shows the headline and summary published by the outlet. The full article is on the publisher's website. (live.euronext.com)

Also worth reading