Singapore launched its investigation into Megaspeed and affiliated entities after the business moved over $4 billion in Nvidia semiconductors within two years. Financial filings show the company scaled its assets from $32 million to nearly $3 billion despite reporters locating empty office spaces across Singapore and Malaysia. Furthermore, loan agreements tie the firm's Malaysian subsidiary to Chinese e-commerce leader Alibaba through Singapore-based Apex Enterprise Solutions. Authorities have since barred key figure Alice Huang from Singapore for misleading officials about her controlling role.
Key points
The Home Affairs Ministry barred Alice Huang from Singapore in February 2026 after she su…: The Home Affairs Ministry barred Alice Huang from Singapore in February 2026 after she submitted inaccurate statements downplaying her corporate oversight.
Regulatory filings tie Megaspeed to holding entity Swiftdata and reveal indirect financia…: Regulatory filings tie Megaspeed to holding entity Swiftdata and reveal indirect financial connections leading to Chinese tech giant Alibaba Group Holding Ltd.
The company's balance sheet swelled from $32 million to nearly $3 billion within a rapid…: The company's balance sheet swelled from $32 million to nearly $3 billion within a rapid two-year operating timeframe.
Sources checked by our analysis pipeline: 1
The mysterious Alice Huang
Alice Huang's name is linked to a network of companies, investment firms and major Chinese technology businesses. As reported by AFP, Hong Kong corporate filings list her as a director of Nanjing Lingxing Technology, which operates China's popular T3 ride-hailing platform. Incidentally, Nanjing Lingxing Technology's investor list also includes Alibaba and Tencent, as well as state-backed automakers such as China FAW and Dongfeng Motor Group.A corporate CV published by a Chinese investment firm Alice also held a senior position at HSBC around 2012 before moving on to roles at CITIC Securities and Shanghai Hexi Investment. Singapore business filings described Huang as a Chinese citizen holding a Hong Kong passport.
Citing HK01 media reports, AFP said that Alice was born in China's Hunan province and moved to Hong Kong to study media. A CCTV reporter also wrote on Weibo that she had worked with Huang at the Chinese broadcaster. However, the post was subsequently deleted.
Megaspeed's rise from zero revenue to a $3 billion business
Not only Alice Huang but also her company, Megaspeed, is at the…
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