Bei Jing Shang Bao·2025-07-22 15:00Core Viewpoint - Major companies are heavily investing in the robotics sector, particularly in embodied intelligence, seeing both certainty and uncertainty in the market [2][4]. Group 1: Investment Activities - JD.com invested in three robotics companies, including Qianxun Intelligent, Zhujidongli, and Zhongqing, all of which announced new financing led by JD.com on July 21 [1]. - Meituan is also aggressively investing in the robotics space, having made multiple investments in prominent companies such as Shizhi Navigation, Xinghai Map, Yushu Technology, and Galaxy General in the past month [1]. Group 2: Market Dynamics - The year 2025 is anticipated to be a pivotal year for mass production of humanoid robots, with significant orders expected to be fulfilled, attracting more entrants into the market [3]. - Companies in the embodied intelligence sector are focusing on either hardware capabilities, such as lower limb functionality, or software algorithms, with firms like Yushu and Zhujidongli emphasizing hardware, while others like Zhiyuan and Xinghai Map focus on software [3]. - The search for real application scenarios and commercially viable products is a priority for embodied intelligence companies, transitioning from passive funding to self-sustaining business models [3]. Group 3: Uncertainties and Challenges - Despite the presence of leading companies making commercial attempts in various sectors, many firms have yet to reach the B or C funding rounds necessary to validate their business models and revenue capabilities [4]. - The robotics market is still in an early gold rush phase, characterized by technological breakthroughs and ecosystem development, with the ultimate success of companies remaining uncertain [4]. - The valuation, profitability, and market potential of robotics companies are highly variable, and the future landscape will depend on which companies can successfully navigate these challenges [4].