Recent events of our company and team
As the new year begins and the first rays of dawn appear, Harpers Capital and Lotus Asset Management extend our deepest gratitude and warmest New Year wishes to our valued friends, investors, partners, and team members. May you and your families enjoy good health, happiness at home, lasting prosperity, and continued success—like a river flowing steadily onward.
As the holiday season approaches, Harpers Capital/Lotus Asset Management Limited extends its sincere gratitude and warmest wishes to our esteemed partners, discerning investors, and indispensable colleagues and friends.
On December 4, 2025, the "The Third China Overseas Fund Summit & Intelligence Future Awards Presentation Ceremony" jointly hosted by ZhiTong Finance and Inbfund.com grandly opened in Shenzhen. The scene was filled with stars, gathering top fund managers from around the world, core members of family offices, and leaders of Hong Kong and US-listed companies, who witnessed together the birth of industry benchmarks. This year, Lotus Asset Management once again stood out among many participating institutions with its deep professional foundation, stable investment performance, and forward-looking strategic layout, winning three major industry awards—Star Global Macro Strategy Fund Award (1-3 year period), Star Fixed Income Strategy Fund Award (3-5 year period), and Artificial Intelligence Equity Investment Excellence Award, demonstrating its industry influence through strong performance.
SpaceX's next-generation heavy-lift rocket, "Starship," lifted off from its launch base in Texas, successfully completing its tenth test flight mission. This test not only ended the previous streak of three consecutive test flight failures but also achieved substantial breakthroughs in multiple objectives, becoming a key battle for SpaceX to reverse external skepticism this year.
Scale AI, a portfolio company of Lotus Asset Management, announced a strategic investment of $14.3 billion from Meta (parent company of Facebook), granting Meta a 49% stake in the company. This landmark deal not only sets a new record for global private tech financing but also reaffirms Lotus Asset Management’s forward-looking investment vision that "data is one of the core lifelines of AI." Post-investment, Scale AI’s valuation has reached $29 billion, solidifying its position as a leader in the global AI data infrastructure sector.
The Board of Directors of Lotus is pleased to announce that Mr. Hong Hao has officially joined Lotus as Managing Partner, CIO and Chief Economist. Concurrently, Mr. Zhu Lei, the former CIO, will assume the new role of CEO while continuing to focus on his work as a portfolio manager for global fixed-income funds.
This week, the U.S. economy has shown a multi-dimensional and complex landscape, with widespread attention focused on economic data, tariff policies, Federal Reserve statements, bill progress, and tariff negotiations. These factors are intertwined, profoundly influencing the trajectory of the U.S. economy.
A series of U.S. macroeconomic data released in May 2025 acts as a mirror, reflecting the complex current state of the U.S. economy and providing crucial decision-making basis for market participants and policymakers. These data cover key areas such as economic growth, employment, and inflation, uncovering the challenges and opportunities facing the U.S. economy at this stage.
In today’s era of rapid AI advancement, data has become the invisible fuel driving this revolution. We are glad to announce our strategic investment in Scale AI, a global leader in AI data infrastructure. This decision stems not only from a profound understanding of the foundational value of the data industry but also from Scale AI’s irreplaceable role in constructing the "data bedrock" of an intelligent world.
We are honored to announce that our company has completed a strategic investment in xAI, the pioneering artificial intelligence enterprise led by Elon Musk. This move represents not only an expansion of our commercial footprint but also a profound commitment to addressing the ultimate question: "How will artificial intelligence reshape the boundaries of human cognition?"
Lotus Global Balance Strategy SP, managed by Lotus Asset Management Limited, has been awarded the prestigious "2025 Professional Investment Awards – Performance Awards: US Credit, Investment Grade (3 Years)" by the internationally renowned institution Insight & Mandate (I&M)! This accolade stands as a significant endorsement of our expertise in the global fixed-income arena.
On humanity's journey to explore the universe, SpaceX continues to lead the industry with disruptive innovation. As a participant in this great endeavor, we are honored to announce our investment in SpaceX. This collaboration not only signifies our confidence in the future of aerospace technology but also represents our commitment to advancing the commercialization of space technology and realizing humanity's interstellar dreams.
As we celebrate the arrival of 2025, we wish you a Happy New Year filled with joy and success!
Lotus Asset Management stood out among numerous competitors, winning the "Star Bond Strategy Fund Award (One-Year)" due to its outstanding market performance and exceptional investment capabilities. This honor not only recognizes Lotus Asset Management's hard work and achievements over the past year but also serves as the highest praise for its precise market insights, sound investment strategies, and exceptional team strength.
We are thrilled to report that SpaceX has reached a staggering valuation of $350 billion following an agreement to purchase $1.25 billion of internal stock. This internal buyout, priced at $185 per share, marks a significant increase from the previous valuation of $112 just three months ago, solidifying SpaceX's position as the most valuable startup globally, surpassing ByteDance.
We wish you and family a Happy Mid-Autumn Festival with joy and Prosperity!
We are exciting to announce that SpaceX, an investment of our PE fund, successfully launched the Polaris Dawn spacecraft and completed the first commercial spacewalk mission. American billionaire Jared Isaacman and SpaceX engineer Sarah Gillis took turns to conduct extravehicular activities.
On August 6th, Palantir released its second-quarter earnings report that exceeded expectations and significantly raised its annual profit outlook, resulting in a strong market reaction. Palantir's stock price surged 10.38%, reaching as high as 14% intraday. The stock has accumulated a 54.86% increase since the beginning of the year, primarily driven by the robust global demand for its artificial intelligence software products from both government agencies and enterprises.
We are thrilled to announce that our PE fund's portfolio company VEEA has submitted a proxy statement and prospectus together with Plum. The transaction values the combined entity at approximately $281 million, with VEEA previously expected to raise $50 million in private financing and assuming the redemption of certain Plum shares.
June 6, 2024 was an exciting day for all of humanity. SpaceX's new-generation “Starship” heavy launch vehicle and spacecraft integration system completed their fourth test launch and achieved the first successful seaborne soft landing.
We are delighted to announce that on May 27th, our company has relocated to Room 1103, ICBC Tower, No.3 Garden Road, HKSAR. We would like to express our sincere gratitude to all the financial institutions and business partners who attended our relocation ceremony.
Spring is full of vitality and everything revives. In this warm season of spring, we have exciting news to share with you! Mr. Zhu Lei, former Head of Trading, Head of Investment of Head office of ICBC(Hong Kong Foreign Exchange Capital Trading Center), officially joined us as managing partner and Chief Investment Officer (capital market) from April 8, 2024.
We are glad to announce that Washington, D.C. — The Commodity Futures Trading Commission has issued an Order of Designation to IMX Health, LLC, granting it designation as a contract market (DCM). IMX Health is a limited liability company registered in Delaware and headquartered in Chicago, Illinois. The CFTC issued the order under Section 5a of the Commodity Exchange Act (CEA) and CFTC Regulation 38.3(a) and determined IMX Health demonstrated its ability to comply with the CEA provisions and CFTC regulations applicable to DCMs.
On December 6th, the 8th Zhitong Financial Capital Market Annual Conference - 2023 Chinese Overseas Fund Summit Forum (with Overseas Fund New Wisdom Award Ceremony) was held in Shenzhen. Harpers Capital was invited to attend this annual meeting and won the "Technology Innovation Equity Investment Excellence Institution Award".
On December 6th, the 8th Zhitong Financial Capital Market Annual Conference - 2023 Chinese Overseas Fund Summit Forum (with Overseas Fund New Wisdom Award Ceremony) was held in Shenzhen. Harpers Capital (Lotus Asset Management) was invited to attend this annual meeting and our Lotus Global Balance Strategy Fixed Income Fund (USD) won the "Outstanding Fund Award (Three-Years)".
Our private equity project, SpaceX, has signed a contract with the European Union to launch up to four European Galileo navigation satellites twice in 2024. This will be the first time in 15 years that the Galileo spacecraft has been launched from non-European territory. SpaceX can become the EU's preferred cooperation partner, which is inseparable from the company's advanced development strategy - From a startup to the most innovative space pioneer giant, SpaceX only uses 20 years.
Hyperloop Transportation Technologies Inc., one of the startups we invested in 10 years ago, trying to build the high-speed transportation system dreamed up years ago by Elon Musk, won a bid to build a prototype in northern Italy.
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Lotus Asset Management Limited started to prepare for the launch of its first quantitative macro fund. The investment strategy is a quantitative macro strategy and mainly invests in the global futures market in fixed income, equity, currency, and commodity. Multiple models, using both fundamental and sentimental factors, are developed across asset classes, modeling approaches, and trading horizons. The allocation across multiple models is dynamically adjusted over time based on proprietary risk estimation methodologies with self-learning ability. The strategy trades in medium to low frequency with position holding period ranging from one day to a few weeks.
Recently, Lotus Asset Management Co., Ltd (Hong Kong) and Shanghai Guosheng Capital signed the "Strategic Cooperation Framework Agreement" on January 12, 2023: Both parties have good business resources in their respective fields. To promote business cooperation and promote the joint development of both parties, the economic After a friendly consultation, the two parties agreed to sign a strategic cooperation framework agreement.
We are thrilled to partner with Elon Musk to support his privatization deal with Twitter. Mr. Musk has a strong track record of success in running venture companies. He will bring a brand-new image of Twitter to the competitive social media market.
We are excited to announce our successful investment in Intelligent Medicine Exchange (IMX), the world's first financial exchange focused on the healthcare economy, to support its ongoing growth and expansion efforts. IMX will enable institutional and individual market participants-and whose businesses depend on health care-to manage risk and invest in multiple components of the healthcare ecosystem.