Firm embroiled in Nvidia scandal linked to Australian newsagent worker

Megaspeed Australia is registered as a subsidiary of Megaspeed, the Singapore-based firm linked to the scandal engulfing Nvidia's CEO.

A 29-year-old man living in regional Victoria is listed as the subsidiary's director, but his father told ABC News he had never heard of Megaspeed.

ASIC filings suggest mail to Megaspeed Australia's business address in Martin Place was unable to be delivered in January.

The Australian subsidiary of the firm at the centre of the alleged Nvidia spy scandal lists a newsagent worker as its sole director.

Megaspeed, a Singapore-based company whose former executive Alice Huang has been accused of being a Chinese spy, has a subsidiary Megaspeed Australia, according to ASIC filings.

Kai Kang, a Shanghai-born 29-year-old man, is listed as the director of Megaspeed Australia, which was registered in 2024.

On Monday, Jensen Huang, the chief executive of the world's most valuable company, Nvidia, admitted to having an affair with Ms Huang (no familial relation).

The FBI is now investigating whether Ms Huang was working for the Chinese government.

Mr Kang's father told ABC News his son worked at his store in a small rural town in Northern Victoria.

He said he had never heard of Megaspeed and was unaware that his store was being used as his son's listed address as director.

Megaspeed Australia's business address is registered more than 700 kilometres away, in Sydney's Martin Place.

It shares a floor at 20 Martin Place with more than 40 other businesses, including migration lawyers, accountants and a private investigator.

An employee at a migration law firm that shares the address with Megaspeed said they had never heard of the company or Mr Kang.

ASIC filings indicated mail sent by the regulator to Megaspeed Australia in January this year were unable to be delivered to the 20 Martin Place address.

Space in the building, which is located near the ASX, can be rented out from $17 a day per person.

The company does not appear to have any listed financial assets or to have completed any work in Australia since opening in 2024, and it is unclear if there are any other employees or staff.

Mr Kang was unable to be reached for comment. He is understood to be out of the country and is not accused of any wrongdoing.

US President Donald Trump said the FBI was investigating the affair, and whether any state secrets had been compromised.

Megaspeed International, a low-profile company until now, is a buyer of Nvidia's microchips, which are used to build data centres that then rent computing power to buyers.

According to short-seller Culper Research, China is one of those buyers.

China's foreign ministry has denied allegations that Ms Huang is a spy, calling them "unsubstantiated" and "smears against China".

Nvidia's shareholders have launched a class action against it and Mr Huang after the company lost more than $US230 billion ($332 billion) in value.

Nvidia said it believed that no company or national secrets had been compromised, but that it would launch an internal investigation.

Mr Huang will remain in his role as CEO.