Alice Huang held indirect stake in China data centre serving Huawei Cloud, report finds

An investigation by CNBC found that Alice Huang, a Chinese businesswoman, had an indirect ownership stake in a Chinese data centre operator whose key customer was Huawei Cloud, a major rival to Nvidia. The stake was traced through her co-ownership of investment firm Shanghai Hexi. The investigation, based on Chinese corporate records examined by private intelligence firm Tesari, found Hexi acquired a 27 per cent stake in data centre developer Shanghai Century Longteng in 2021, which held a 50.1 per cent stake in Shenzhen Yifeng Technology, a data centre operator serving Huawei Cloud. Hexi exited its stake in 2024, and the report could not establish whether the facility acquired Nvidia processors. The scrutiny comes amid reports of Huang's relationship with former Nvidia CEO Jensen Huang, who resigned Thursday, and follows separate reports that her cloud company Megaspeed facilitated at least $7.5 billion in Nvidia chip shipments to China. US authorities have not concluded whether she was a spy, and Singapore said its investigation was not related to espionage.