Alice Huang in Beijing, Chinese Security Officials Aware

The alleged Chinese spy at the center of the Nvidia scandal is in Beijing, and Chinese security officials know it.

That is the thin but loaded disclosure in Bloomberg's Wednesday report: Megaspeed International founder Alice Huang, who also goes by Huang Le, is living in the Chinese capital with the knowledge of security officials, according to people familiar with the matter. "It wasn't immediately clear when or why she traveled to the capital, nor what she may be engaged in," Bloomberg writes.

The House Permanent Select Committee on Intelligence has already called her a "publicly reported Chinese intelligence asset." Three committee chairmen, John Moolenaar, Brian Mast and Rick Crawford, asked Nvidia chief Jensen Huang to brief them in closed session on November 18 about his ties to her. The Information previously reported that her network of companies in China and Singapore, including Shanghai Century Litong and Megaspeed, facilitated at least $7.5 billion in shipments of about 240,000 Nvidia AI chips to Chinese buyers since 2023.

Beijing's reply to the spying allegations, via its Foreign Ministry: "The allegations about Chinese spies are entirely groundless, speculative and intended to smear and malign China."

This is the latest beat in a run we have been tracking closely, alongside Bessent pushing Commerce to entity-list Megaspeed and the Nvidia board's reported move to oust Jensen Huang.