Recent events of our company and team
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.
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?"
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.
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.