How Jensen Huang’s Yearslong Ties to Alice Huang Enabled $7 Billion-Plus Nvidia Chip Sales to China
Citing two people who know her plus corporate records, The Information reports that Jensen Huang's relationship with Alice Huang (Huang Le) dates back at least to 2023 and helped move at least $7.5B of Nvidia chips through Chinese companies since then, an estimated 240,000 restricted chips, mostly H100 and H200 systems. The network centres on Shanghai Century Litong, a company founded in June 2023 and initially held via an entity controlled by her sister. It became an Nvidia preferred cloud partner around October 2023, two weeks before the A800/H800 ban. The network also includes Singapore's Megaspeed, owned via Huang Le Limited, where Alice was managing director from March to November 2023, and its Malaysian unit Speedmatrix. Two people say some of the compute later served Alibaba, Tencent and smaller Chinese labs. Caveats: the espionage and diversion claims are reported allegations, not findings. Nvidia says it applies the same export compliance to every deal and denies knowing of smuggling. Century Litong says it won partner status through compliant channels and had no dealings with Alice. Megaspeed did not reply.
Why it matters
Deep corporate-network reporting on the world's most valuable company. It maps the entities, ownership changes and dates behind Nvidia's China channel, and it shows key-person and governance risk at Nvidia as the board investigation runs. It also gives Dealroom concrete entity and ownership data to check, such as Megaspeed, Century Litong and Speedmatrix.
Executive takeaways
- Scale: at least $7.5B of Nvidia chip sales since 2023 and roughly 240,000 restricted chips (mostly H100/H200, some A100), per two sources.
- Century Litong: founded June 2023, initially held via an entity controlled by Alice's sister Huang Yu (which exited in 2024). It was added as an Nvidia preferred cloud partner around October 2023, two weeks before the A800/H800 ban, and still lists that status.
- Megaspeed: incorporated in 2015 as 7Road International, the Singapore arm of Shenzhen-based 7Road Holdings, and renamed in 2023. It was owned by BVI entity Huang Le Limited until ownership moved to Swiftdata in November 2023. Bloomberg reported about $4.6B of Nvidia chip imports in 2023–25.
- Speedmatrix: a Malaysian subsidiary created in February 2024. The NYT reported more than 200 shipments worth about $2B from June 2024 to June 2025, much of it traced to an Inspur subsidiary (Inspur is on the US Entity List).
- Investigations: separate US and Singapore probes into Megaspeed. Nvidia's board is investigating and says it has no reason to believe national-security or company secrets were compromised. Jensen Huang is due at a closed-door congressional briefing next week.
- Policy context: Huang spent two years lobbying to loosen export controls and called the Megaspeed interactions 'completely normal' to Bloomberg.
What The Information may be missing
The chip and dollar estimates rest on two sources who know Alice Huang, and the story doesn't say how they were derived or whether the 240,000 chips overlap with Bloomberg's $4.6B and the NYT's $2B figures. It gives no view from inside Nvidia on who approved Century Litong's preferred status, or whether the distributors and server makers in the chain (Dell, Super Micro) flagged anything. It also doesn't quantify how much of Nvidia's China revenue went through these entities, or say what remedies the board or regulators could apply.
