Alibaba-Megaspeed financing link traced via Singapore, Malaysia units amid Nvidia chip scrutiny
Megaspeed owns seven subsidiaries across five overseas markets, according to its financial statements for 2024
Alibaba's Chinese tech subsidiary Speedmatrix, a Malaysian IT and network equipment provider, has entered into a financial agreement with Apex Enterprise Solutions, a Singapore-based firm. This arrangement has raised concerns over the potential diversion of advanced AI chips from Nvidia to China. The Singapore-registered Apex, which is owned by Chinese conglomerate Alibaba Group, pledged equipment to secure its interests in Speedmatrix.
The US short-seller Culper Research has alleged that Alibaba may have channeled billions of dollars through Apex to fund Megaspeed's purchases of Nvidia chips. Apex's ultimate parent company is Alibaba Group Holding, which has contractual rights to Alibaba China's profits. The investigation into Megaspeed intensified following the resignation of Nvidia CEO Jensen Huang on Nov 12, 2026, after admitting to an affair with Alice Huang, a former Alibaba executive and Megaspeed director.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
