Victorian newsagent’s unexpected connection to alleged international spy scandal

Aussie gents, beware. If you’re a four, and a lady – who’s clearly a 10 – comes at you hot and heavy, perhaps consider running the other way.

It might be that you’re the target of an Alice Huang-style MegaSpeed honey trap.

Chinese tech company MegaSpeed is front and centre of the news cycle, with executive Huang alleged by US intelligence agencies to be a spy who lured married Nvidia founder and chief executive Jensen Huang into her espionage web.

Now, an Australian link has emerged. The company has an outpost in the heart of Sydney.

MegaSpeed established its Australian operation at the end of 2024, according to documents filed with the corporate regulator.

Its sole director is 29-year-old Kai Kang, who was born in Shanghai and, bizarrely, lists his address at a newsagency and lotto shop in the Victorian country town of Seymour.

Alas, there was no answer to our call there on Tuesday.

A visit by CBD to MegaSpeed Australia’s office on level 10 of a high-rise building in Martin Place was similarly perplexing. A receptionist said that nobody from Megaspeed was in when we went to the company’s empty Sydney offices on Tuesday morning.

What’s more, the company doesn’t have a physical space at the premises, we were told, and only uses the address for administrative purposes.

To make matters more curious, MegaSpeed Australia’s corporate record reveals that correspondence from ASIC to the company’s Sydney office has been returned to sender since January.

Records show that the local outpost is owned by Singapore-based Megaspeed International, which rents out high-performance data centres that are powered by Nvidia chips.

Aussies can rest assured, though, because as far as Prime Minister Anthony Albanese is concerned, we aren’t “directly” a party to the Nvidia saga. Or at least that was his response when asked if he had concerns about Huang’s admitted affair with a suspected Chinese spy.

We checked in with our nation’s own spy agency, the Australian Security Intelligence Organisation, to see how it felt about MegaSpeed’s footprint in Sydney and whether it was looking into its operations in light of the revelations coming out of the US.

“ASIO does not comment on intelligence or investigations,” a spokesperson for the spook agency told us. “This should not be taken as confirmation of an investigation.”