Shanghai Century Litong reportedly moved $7.5 billion in Nvidia chips into China

A company that barely existed in mid-2023 reportedly helped move at least $7.5 billion worth of Nvidia AI chips into China. That is according to The Information, which on November 10, 2026 published a detailed account of how Shanghai Century Litong allegedly sat at the center of a sprawling distribution network.

A fast track to preferred partner

Shanghai Century Litong was established in June 2023. By October 2023, it had reportedly secured preferred partner status with Nvidia.

According to The Information, the firm functioned as a central hub in a network that facilitated Nvidia AI chip shipments to a range of Chinese enterprises. The total reportedly reached more than $7.5 billion since 2023.

Approximately 240,000 Nvidia chips allegedly passed through the network, spanning three of the company’s flagship data center models: the H100, the H200, and the A100.

How the network allegedly worked

The reported structure was not a simple point-to-point sale. Chips allegedly moved through preferred cloud partnerships and intermediaries based in Southeast Asia before reaching their final destination.

The end users reportedly included some of China’s largest technology companies, among them Alibaba and Tencent.

Some of the shipments reportedly included chips that fall under US export restrictions, which would turn a commercial distribution story into a potential compliance and national security problem.

The people at the center

The report names several individuals tied to the operation. Chief among them is Alice Huang, who is alleged to have links to Chinese intelligence.

Alice Huang also reportedly held an executive role at Megaspeed. That company is itself under scrutiny by US authorities, according to the research findings.

Her husband is also described as a key figure in the network. So is her sister, Huang Yu, who was initially a shareholder in Shanghai Century Litong.

Huang Yu reportedly distanced herself from the company in 2024.

Nvidia and the FBI respond

Nvidia’s board has reportedly opened an internal investigation. The review is expected to examine how the company handles its partner relationships and cooperation practices.

Separately, the FBI is reportedly looking into possible foreign intelligence operations targeting Nvidia CEO Jensen Huang.

Nvidia has emphasized that it primarily works with reputable clients. The company has also stressed that it follows US export regulations.

Jensen Huang is expected to brief Congress on the allegations and on broader US national security concerns about technology trade with China.