Swiftdata, the Singapore-incorporated parent company of Megaspeed International, lists a registered business address at Midview City that an interior design firm has occupied for more than four years, The Straits Times reported.
The company, which owns all 10 million shares of Megaspeed, changed its registered address from Jurong East to the integrated business hub in April. When The Straits Times visited the unit on Nov 11, no one answered the doorbell, and tenants confirmed the space belongs to an independent design firm.
Swiftdata Office Hosts Unrelated Firm as Director Remains Missing
- Swiftdata’s registered Midview City office is occupied by an unrelated interior design firm whose co-founder stated he leased the space directly four years ago.
- Megaspeed, which imports Nvidia hardware through affiliates, has faced investigations by US authorities since late 2024 and Singapore police since October 2025 regarding suspected export restrictions and domestic law breaches.
- The firm’s sole director, Tan Yong Pong, remains of unclear whereabouts, with a family member stating in October 2025 that he no longer lived at his residential address and was believed to be in China.
Midview City Tenancy Discrepancies
Accounting and Corporate Regulatory Authority (ACRA) records show Swiftdata is the sole shareholder of Megaspeed, a specialized cloud provider under investigation by US and Singapore authorities. Swiftdata altered its registered business location to Midview City in April, moving from an office building in Jurong East.
When visited on Nov 11, the unit featured a “hello” entrance greeting and a shoe rack with four slippers, but no presence of Swiftdata personnel. The co-founder of the interior design firm currently operating the space stated to The Straits Times that he leases the unit directly from Midview City and has occupied it for over four years.
“I do not know Swiftdata, Megaspeed or any of their affiliates,” he told The Straits Times, adding that his business is the sole occupier of the address and that someone must have used it as a virtual address without authorization.
Philip Chang, complex manager for Midview City, stated he was unable to provide information regarding Swiftdata’s tenancy due to Personal Data Protection Act regulations. Under Singapore’s Companies Act, local businesses must maintain a registered office capable of receiving communications, though a requirement for the office to be open to the public for three hours daily was removed on Oct 20.
Authorities Investigate Megaspeed for Suspected Export and Domestic Law Breaches
Megaspeed returned to regulatory and public scrutiny following US investigations into potential breaches of chip export restrictions, which began in late 2024. Singapore police confirmed in October 2025 that they were investigating the firm over suspected breaches of domestic laws.
The company drew additional attention in late October when reports surfaced regarding US scrutiny of Nvidia chief executive Jensen Huang’s ties to Alice Huang, a former Megaspeed executive. On Nov 8, Jensen Huang admitted to having an affair with her. Alice Huang served as Megaspeed’s director and managing director from March to November 2023.
Megaspeed imported at least US$4.6 billion worth of Nvidia hardware between its founding in 2023 and November 2025, according to Bloomberg. ACRA records indicate Megaspeed’s total assets rose from US$32.9 million in 2023 to nearly US$3 billion in 2024, while revenue increased from near zero to US$294.3 million over the same timeframe.
| Financial Metric | 2023 | 2024 |
|---|---|---|
| Total Assets | US$32.9 million | US$3 billion |
| Revenue | Near zero | US$294.3 million |
| Total Liabilities | US$22.9 million | US$3 billion |
Tan Yong Pong Remains Missing as Companies Decline Comment
The whereabouts of Tan Yong Pong, the sole director of both Swiftdata and Megaspeed, remain undetermined. When The Straits Times visited Tan’s registered residential address in eastern Singapore in October 2025, a family member stated he no longer lived there and was believed to be in China. Contacted again on Nov 10, the family member declined to comment on any contact with Tan.
Nvidia, Alice Huang, and Megaspeed did not respond to requests for comment regarding the investigations or the registered address discrepancies. Jensen Huang stated in an interview on Oct 29 that Nvidia’s dealings with Megaspeed were normal and that the company had verified Megaspeed did not illegally transfer artificial intelligence processors to China.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
