Eleanor Olcott in Shanghai and Zijing Wu in Hong Kong
The woman at the centre of the Nvidia spying scandal pitched an AI chips deal to China-based investors, touting her ability to secure the US company’s coveted GPUs and her commercial relationship with Chinese tech giant Alibaba.
In early 2025, Alice Huang and her business partner Kang Wei sought investment for a south-east Asia data centre project worth several hundred million dollars, according to two investors pitched on the deal.
The pair said they had “no problem securing GPUs” as a key pillar of the deal and cited Alibaba as a client of the project, according to one investor present.
