第一财经·2025-07-21 14:44Core Viewpoint - JD.com and Meituan are actively competing in the humanoid robot investment sector, with both companies making significant investments to enhance their capabilities as "enablers" in the commercialization of humanoid robots [1][4][6]. Investment Activities - Since 2024, both JD.com and Meituan have invested in humanoid robot projects with amounts not less than 100 million yuan, often taking the lead in funding rounds [4][6]. - JD.com has made three significant investments in humanoid robotics on July 21, 2025, including LimX Dynamics, which is strategically led by JD.com, and the funding rounds for Zhongqing Robotics and Qianxun Intelligent, totaling nearly 10 billion yuan and 6 billion yuan respectively [5][6][7]. - Meituan has also been active, participating in six investment rounds in humanoid robotics since 2024, including leading roles in funding rounds for companies like Xinghai Map and Itstone Intelligent [7][8]. Strategic Positioning - Both companies are not only providing capital but also leveraging their sales channels and resource scenarios to support the commercialization of humanoid robots [1][9]. - JD.com has established a "Smart Robot Business" department and has signed contracts with over 30 intelligent brands to promote sales on its platform, indicating a strong focus on operational capabilities [9][10]. - Meituan's reliance on near-field e-commerce scenarios allows it to offer substantial landing resources for robot companies, enhancing their market presence [10][11]. Market Dynamics - The competition in the humanoid robot sector is characterized by the need for startups to find partners that can provide real orders, data, and scenarios, which are more critical than mere valuations [2][9]. - Real-world applications are seen as essential for driving rapid iteration and maturity of robot products, with both JD.com and Meituan expected to integrate robotics into their existing service offerings [11].