Alice Huang's Nvidia case ties to sanctioned financier Kang Wei's fund

Chinese businesswoman Alice Huang, linked to the Nvidia espionage case, reportedly held a 25% stake in a Shanghai fund manager founded by Kang Wei, a financier sanctioned by Chinese regulators and later investigated for market manipulation, according to Caixin. Huang, also known as Huang Le, joined Shanghai Hexi Investment Management in November 2015 as deputy general manager and investment committee member, after working at HSBC and CITIC Securities. Caixin reported, citing sources, that Huang and Kang were married, though no public documentation confirms this. In 2018, the China Securities Regulatory Commission fined Hexi 17.7 million yuan and Kang 400,000 yuan for irregularities in declaring shareholdings in Huiqiu Technology, with violations dating to 2014-2015. Kang was fined again in 2025 for concealing ties to other investors and influence over Hollyland. Shanghai police reportedly took criminal coercive measures against Kang in early 2026 for suspected market manipulation, though the case's status remains unconfirmed. No sanctions have attributed personal responsibility to Huang. The investigation also links Hexi to gaming firm Zhejiang Century Huatong and 7Road, later renamed Megaspeed International, a Singapore cloud computing firm for AI where Huang joined as director in March 2023. Megaspeed, a Nvidia cloud partner, faced scrutiny over suspected chip transfers to Chinese clients, which it denies, citing clean inspections. US Ambassador David Perdue stressed vigilance, while Beijing dismisses the espionage allegations as fabrication.