2. The company was originally set up as the subsidiary of a Chinese gaming company.
3. When the US added stricter export controls for Nvidia chips in 2023, it was spun off and ownership reportedly moved to a BVI shell company.
4. Later it was sold to a company that is apparently owned by one person who is believed to live in China.
5. The Singapore offices of the company and others he is an owner or director of show little activity and according to one report, the co-working space at the address listed for one didn't even have a record of the company.
6. Despite the fact that Megaspeed showed less than $6 million in cash at the end of 2023, it somehow became an Nvidia Cloud Partner and between 2024 and 2026 purchased $4.8 billion worth of advanced Nvidia chips, making it the top Nvidia chip buyer in ASEAN.
This company was on the radar of people in the industry well before this scandal because basically nobody had any idea who it was and where the money was coming from.
https://en.thairath.co.th/money/tech_innovation/tech_compani...