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Fresh details have emerged about Singapore-based technology company Megaspeed International, which reportedly handled more than $4 billion (₹37,640 crore) worth of Nvidia chips over two years despite maintaining offices that appeared deserted during visits by journalists.
The company, already under scrutiny over suspected violations of export controls, has attracted attention because of its rapid financial expansion, complex corporate structure and links to former director Alice Huang.
According to an AFP investigation, reporters visiting Megaspeed’s office in Singapore’s central business district found no employees present. Its Malaysian office was similarly unoccupied, raising questions about the physical operations of a business involved in substantial technology transactions.
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Empty Offices Raise Questions About Megaspeed’s Operations
Megaspeed’s reported business activities contrast sharply with the conditions observed at its registered premises.
The company describes itself as a cloud hosting services provider. However, corporate records cited in the investigation indicate that its financial position changed dramatically following its transformation from a little-known gaming business.
According to accounts filed in 2024, Megaspeed’s annual revenue increased from zero to nearly $300 million within 12 months. Its reported assets rose from approximately $32 million to almost $3 billion over the same period.
The investigation also identified a Singapore-based company, Swiftdata, as Megaspeed’s ultimate holding company.
Singapore businessman Tan Yong Pong is listed as a director of both Megaspeed and Swiftdata. He has previously been associated with printing and graphic design businesses.
Reporters attempting to locate Tan at his registered address in eastern Singapore were unable to establish contact with him.
The findings add questions about the management and operational structure behind Megaspeed’s extensive Nvidia chip transactions.
Corporate Records Reveal Links Across Singapore, Malaysia and Cayman Islands
The investigation also examined financial arrangements involving Megaspeed’s Malaysian subsidiary and a Singapore-based company linked through corporate ownership records to Chinese technology group Alibaba.
According to the report, Megaspeed’s Malaysian subsidiary entered into an agreement in 2024 under which assets were pledged to Singapore-based Apex Enterprise Solutions as security against possible contractual breaches.
Corporate filings reportedly connect Apex, through a parent company, to Alibaba Group Holding, which is registered in the Cayman Islands.
The arrangement has drawn attention because Megaspeed is being examined over suspicions that Nvidia chips may have been routed into China despite US technology export restrictions.
The reported corporate connections do not, by themselves, establish that Alibaba participated in any violation of export controls.
Singapore police opened an investigation in February 2025 involving Megaspeed and several other companies suspected of circumventing or breaching export restrictions.
Alice Huang’s Role Remains Under Scrutiny
Alice Huang served as a director of Megaspeed between March and November 2023, a period that coincided with changes in the company’s business operations.
Corporate records indicate that a company linked to Huang acquired the Singapore arm of Chinese video game developer 7Road International in early 2023. The business was subsequently renamed Megaspeed International.
Although Huang ceased to be a registered director in November 2023, Singapore authorities later identified her as one of the company’s key controllers.
In February 2026, Singapore barred Huang from re-entering the country after authorities found that she had provided inaccurate information that downplayed her involvement in Megaspeed.
The action concerned her statements about her business role and should not be treated as a finding that she engaged in espionage.
Huang has also been the subject of separate allegations involving Nvidia co-founder Jensen Huang, but those claims do not establish wrongdoing in Megaspeed’s chip transactions.
The latest corporate findings bring greater attention to the individuals and entities behind Megaspeed’s operations, particularly as authorities continue examining suspected breaches of technology export controls.
The apparently vacant offices, rapid financial growth and cross-border corporate arrangements remain central details in the continuing scrutiny of the company.
About the author — Suvedita Nath is a science student with a growing interest in cybercrime and digital safety. She writes on online activity, cyber threats, and technology-driven risks. Her work focuses on clarity, accuracy, and public awareness.
