Megaspeed

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Megaspeed
Formerly	7Road International (2015–2023)
Type	Private
Industry	Cloud computing
Founded	2015; 11 years ago (2015)
Headquarters	Singapore
Key people	Tan Yong Pong (CEO)
Services	AI computing Hosting
Total assets	US$3 billion (2024)
Parent	Swiftdata
Subsidiaries	Speedmatrix
Website	megaspeed.ai

Megaspeed International Pte. Ltd. is a cloud computing provider based in Singapore. It supplies artificial intelligence computing power and hosting services. The company is under investigation for its alleged role in supplying Nvidia chips as a Nvidia Cloud Partner to Chinese companies without U.S. government permission.

History

Megaspeed was founded in 2015 as 7Road International PTE, the Singapore-subsidiary of the Chinese gaming firm 7Road Holdings. In 2023, Alice Huang and a group of investors purchased 7Road International; the subsidiary was sold to a British Virgin Islands-registered company associated with Huang and renamed to Megaspeed International in March 2023. In 2023, Alice Huang joined the company and serving as its managing director until October 2023. Huang also served as the director and managing director of the company's Indonesia subsidiary in the same period. In November 2023, Megaspeed was acquired by Swiftdata, a Singapore-based company which had been incorporated a few weeks before owned by Tan Yong Pong. Following the acquisition, Tan became its sole director.

In 2024, Megaspeed registered affiliates across the United States, Australia, Malaysia, Indonesia, and Thailand. In the same year, Tan established Speedmatrix, a Malaysia-based subsidiary. Later, Megaspeed became an Nvidia Cloud Partner in the Asia-Pacific region and acquired around US$5 billion in AI chips and advanced hardware. By 2024, the assets of Megaspeed had increased from US$33 million to US$3 billion. Also, in 2024, Megaspeed investor presentation featured a rendering of the Yangtze River Delta Project, an artificial intelligence data center located in Shanghai, China. Between May and June 2024, a subsidiary of Shanghai Longteng Intelligent Computing, a company founded by Alice Huang and majority-owned by her sister, Huang Yu, until January 2026, installed computing servers valued at ¥747 million renminbi at the Shanghai facility. Another company, Shanghai Shuoyao, had installed Nvidia H100 and H200 processors on its data center. The data center's president, Kang Wei, served as an executive at Shanghai Hexi, a private equity firm that provided financial backing for the project. From 2024 to 2026, the Indonesian subsidiary of Megaspeed had purchased hardware from Nvidia, including H100 processors, from Giga Computing a subsidiary of Gigabyte Technology.

In January 2025, a unit of Shanghai Longteng Intelligent Computing filed documents with the People's Bank of China pledging 193 servers at the Yangtze River Delta Project as collateral for financing. The hardware, valued at ¥485 million renminbi, included 119 servers from Gigabyte Technology, 52 servers from Super Micro Computer containing restricted Nvidia H100 and H200 chips, and 22 Dell Technologies servers containing restricted Nvidia H800 chips. The Dell servers were originally sold to Aperia Cloud Services, another Singapore-based Nvidia Cloud Partner. In February 2025, Dell ceased sales to Aperia due to unauthorized diversion concerns, and later its chief executive officer was arrested in Singapore for defrauding server suppliers. From 2025, United States Commerce Department and intelligence agencies began investigating the company for potential export control violations regarding the alleged shipment of restricted Nvidia processors to Chinese firms. Concurrently, Singapore and Malaysia also launched investigations into Megaspeed and its subsidiary, Speedmatrix, over suspected breaches of domestic laws related to the diversion of advanced AI chips. Following a 2025 investigation, Singaporean and Taiwanese authorities barred former director Alice Huang from re-entering their countries but was allowed to return to Beijing.

By November 2026, Singapore prosecutors had charged five individuals in relation to the Aperia case. During the same month, Nvidia CEO Jensen Huang resigned following reports of an extramarital affair with Alice Huang, whom United States intelligence agencies have flagged as a Chinese intelligence asset and was using Megaspeed and its associated corporate network to pass commercial information and restricted technology to Beijing.

References

External links

• Official website