Megaspeed Nvidia Scandal Leads to a Small Newsagent in Rural Australia

A small newsagent and lottery shop in a quiet country town about an hour north of Melbourne has become the latest unlikely address in the scandal around Nvidia chief Jensen Huang. Corporate filings reviewed by Reuters show Megaspeed International, the Singapore cloud firm at the centre of the affair and spying allegations around Huang, registered affiliates in the US and Australia under a 29-year-old whose listed address is the shop, Seymour News, in Seymour, Victoria. His mother, who has run the shop for about 16 years, says he has nothing to do with the company.

Key Points

• Filings in Delaware and Australia show Megaspeed affiliates created in 2024 list Kai Kang, 29, born in Shanghai, as sole officer.
• The address on the filings is Seymour News, a small newsagent and lottery shop in Seymour, Victoria, an hour north of Melbourne.
• Kang's mother, who has run the shop for about 16 years, told Reuters her son lives in Shanghai and has nothing to do with the company.
• Kang is also a director of Megaspeed units in Malaysia, Indonesia and Thailand, Reuters found.
• Megaspeed Australia's listed address is a tenth-floor Sydney office a concierge called a virtual office for administrative purposes only.

What Happened

Reuters examined corporate records in the US and Australia: Megaspeed filed papers in Delaware and with Australia's corporate regulator showing the affiliates were created in 2024. Both filings list Kai Kang as sole officer, as director or president. Kang was born in Shanghai, the Australian filing says, and the Singapore parent is listed as stockholder.

Reuters could not contact Kang, so reporters visited the address on the filings in Seymour, Victoria, an hour north of Melbourne.

Reuters spoke with a woman who said she was Kang's mother and had run the business for about 16 years; she did not want to give her name. She said Kang did not work in the shop and was based in Shanghai. "He doesn't have any business here," she said, adding that he had completed a master's degree at Shanghai University and had last visited his parents in August and September. She said she knew about Nvidia and Megaspeed, but her son had nothing to do with the company. The regulator holds no other record of Kang's business dealings, other than his name as a director of Megaspeed.

Background: The Nvidia Scandal

Megaspeed first drew attention a year ago, when The New York Times reported a US investigation into whether it helped Chinese customers obtain Nvidia chips subject to Washington's export controls. Last October, Singapore police said they were investigating the firm over "suspected breaches of our domestic laws", after a US senator asked the Commerce Department to investigate.

The firm is at the centre of the scandal engulfing Nvidia. Reports said chief executive Jensen Huang had a close relationship with Alice Huang, a controlling shareholder of the Singapore cloud firm, whom US intelligence officials believed was spying for Beijing. Huang admitted on Sunday he had been unfaithful to his wife, giving no details; Beijing called the spying claim "a groundless accusation, slander and a smear".

The fallout has spread through Nvidia and Washington: the board is discussing ousting Huang, the Justice Department is leading multiple investigations involving Alice Huang, and shareholders have sued. Treasury chief Scott Bessent confronted Commerce Secretary Howard Lutnick over Megaspeed in the Situation Room, Nvidia hired ex-prosecutor Joon Kim to investigate the spy claims, and Baird cut its Nvidia price target 60 percent to 200 dollars. Megaspeed's website calls it an Nvidia Cloud Partner in Asia-Pacific with GB200 NVL72 and HGX H100 systems.

Megaspeed's Paper Trail Raises Fresh Questions

Export-control investigations turn on who really controls a company and where its chips end up. A sole officer listed at a small shop he does not work at, in a town he does not live in, raises obvious questions about who actually runs the affiliates.

The pattern extends beyond Australia: Kang is also registered as a director of Megaspeed's Malaysian, Indonesian and Thai units — the same young man with no other corporate record in Australia, atop the paperwork of a firm accused of moving some of the world's most sensitive technology.

The Sydney address adds to the picture: a tenth-floor office the concierge called a virtual office, used only for administrative purposes. Reuters could not determine whether any Australian authorities were looking into the firm, and the security intelligence agency said it does not confirm or comment on investigations.

Reactions and Quotes

Kang's mother was blunt. "He doesn't have any business here," she told Reuters, adding that he held a master's degree from Shanghai University and was based in Shanghai. She knew about Nvidia and Megaspeed, she said, but her son had nothing to do with the Singapore company.

Beijing rejected the spying allegation as "a groundless accusation, slander and a smear". Alice Huang could not be reached for comment. Singapore police said last October they were investigating Megaspeed over "suspected breaches of our domestic laws".

Why It Matters

Nvidia's most advanced chips sit at the heart of the US-China technology rivalry. Washington's export controls are meant to keep the most powerful AI hardware out of Chinese hands; any diversion would strike at that policy. The affair has already shaken Nvidia's leadership, its share price and its standing in Washington.

The findings add a governance question to a national security one. A firm marketing access to Nvidia's flagship AI systems registered affiliates in several countries under one 29-year-old whose listed address is a rural newsagent. Regulators in the US and Singapore are already asking how the firm operated; now they may ask who was in charge.

What Happens Next

Investigations in the US and Singapore continue, and the new filings are likely to draw fresh questions about Megaspeed's affiliates, officers and chips. Nvidia's board is still deliberating over Huang's future, while Congress and the Trump administration weigh further export-control action.

In Australia, the findings may prompt questions of their own. For now, the shop in Seymour keeps selling lottery tickets and magazines, while the company registered to its address faces scrutiny on three continents.

Frequently Asked Questions

Who is Kai Kang? A 29-year-old born in Shanghai, sole officer of Megaspeed affiliates in the US and Australia, and a director of its units in Malaysia, Indonesia and Thailand. His mother says he lives in Shanghai and has nothing to do with it.

What is Seymour News? A small newsagent and lottery shop in Seymour, Victoria, an hour north of Melbourne, run by Kang's mother for about 16 years. It is the address on Megaspeed's filings.

What is Megaspeed accused of? It faces a US investigation into whether it helped Chinese customers obtain advanced Nvidia chips under Washington's export controls; Singapore police are investigating suspected breaches of domestic law.

What has Jensen Huang said? He admitted on Sunday that he had been unfaithful to his wife, but gave no details. The board is discussing whether to remove him.

Has anyone been charged over the filings? No. Reuters could not determine whether any Australian authority was examining the firm; the intelligence agency said it does not confirm or comment on investigations.