<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED FINANCIAL STATEMENTS OF LOTUS PACIFIC, INC. AND ITS SUBSIDIARIES
FOR THE THREE-MONTH PERIOD ENDED DECEMBER 31, 1999 AND ARE QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-2000
<PERIOD-END>                               DEC-31-1999
<CASH>                                      22,155,704
<SECURITIES>                                         0
<RECEIVABLES>                               25,972,756
<ALLOWANCES>                                         0
<INVENTORY>                                  5,301,757
<CURRENT-ASSETS>                            55,241,540
<PP&E>                                       3,563,996
<DEPRECIATION>                               1,480,242
<TOTAL-ASSETS>                             196,287,085
<CURRENT-LIABILITIES>                       50,913,236
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          4
<COMMON>                                        63,466
<OTHER-SE>                                      80,000
<TOTAL-LIABILITY-AND-EQUITY>               196,287,085
<SALES>                                     19,609,595
<TOTAL-REVENUES>                            19,671,733
<CGS>                                       14,821,931
<TOTAL-COSTS>                               14,821,931
<OTHER-EXPENSES>                             9,541,559
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             960,044
<INCOME-PRETAX>                            (4,801,536)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (4,801,536)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (4,801,536)
<EPS-BASIC>                                   (0.07)
<EPS-DILUTED>                                   (0.07)