Alice Huang Held Stake in Data Center Network Serving a Chinese Nvidia Rival: Report Matias Civita Thu, November 12, 2026 at 4:30 PM EST 3 min read NVDA -3.92% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Alice Huang, the businesswoman whose relationship with ousted Nvidia CEO Jensen Huang has drawn scrutiny, held interests in a network of Chinese companies connected to a data center serving Huawei, one of Nvidia's leading competitors, according to a CNBC investigation.
Private intelligence firm Tesari uncovered the connections through Chinese corporate records and media reports and shared its research exclusively with CNBC. The broadcaster said it translated and reviewed the materials. Tesari provides intelligence research to companies and the U.S. government.
At the center of the network is Shanghai Hexi, a financial firm that invests in technology and data centers. Alice Huang, whose Chinese name is Huang Le, became a co-owner as early as 2016, according to records compiled by Tesari.
In 2021, Hexi acquired a 27% stake in Shanghai Century Longteng, a data center developer. Century Longteng, in turn, held a controlling 50.1% interest in Shenzhen Yifeng Technology, a data center facility in mainland China whose key customer was Huawei Cloud, according to CNBC.
That ownership chain gave Alice Huang an indirect financial interest in infrastructure providing computing capacity to Huawei. Hexi also guaranteed loans used to finance the Shenzhen facility, the report said, extending its involvement beyond an equity investment.
The chip connection remains less certain, as CNBC reported that Zhejiang Century Huatong Group, Hexi's business partner through their joint ownership of Century Longteng, began purchasing Nvidia processors in 2023. However, the broadcaster could not determine whether the Shenzhen data center itself obtained Nvidia graphics processing units.
The reported ownership links alone do not demonstrate an unauthorized transfer to Huawei or establish that Alice Huang directed one. Her business history also intersects with Megaspeed, a major Nvidia customer.
In 2019, she sold a cloud business called Osmanthus to Chinese gaming company 7Road. A Singapore subsidiary of 7Road subsequently became Megaspeed in 2023, according to CNBC's account of the corporate history.
The Information separately reported that Megaspeed helped facilitate at least $7.5 billion in Nvidia chip shipments to Chinese firms. That figure concerns Megaspeed's broader business and does not establish the value of any computing services supplied to Huawei.
Businesses connected to Alice Huang were involved with Huawei-linked infrastructure around December 2023, when she and Jensen Huang were first publicly seen together, CNBC reported. Jensen Huang has acknowledged an affair, but its precise timeline remains unknown.
Hexi exited its Century Longteng stake in 2024 but CNBC reported continuing connections through Alice Huang's husband and longtime business associate, Kang Wei, who founded Hexi. Kang became an executive at Century Longteng in 2022 and attended the signing of its Huawei agreement.
Brian Andersen, Tesari's vice president for national security applications and a former Homeland Security Investigations supervisory special agent, called for an investigation. He said potential offenses would depend on evidence of unauthorized transfers of controlled equipment, rather than the corporate connections alone.
Nvidia and Huawei did not respond to CNBC's requests for comment. Jensen Huang did not return a voicemail, Alice Huang could not be reached, and Hexi did not immediately respond to a message.
