# Investors hold off on embodied AI: valuation correction amid halved financing, discounted secondary shares, and Hong Kong IPO breakouts

- Source: OFweek Robotics
- Published: 2026-11-02T07:22:00.000Z
- RoboHot: https://robohot.news/en/items/dfnqabilp9h4g2v8djyd4zm6v
- Original: https://robot.ofweek.com/2026-11/ART-898890-12003-30709821.html

## Summary

Primary-market investors are collectively pausing embodied AI projects. IT Juzi data shows 33 financing deals worth 10.105 billion yuan in October 2026, down more than two-thirds from the June peak of 55 deals and 30.892 billion yuan. Secondary-share transfer quotes generally range from 65% to 80% of the previous round's valuation, and 8 of the 13 robotics-related companies that listed in Hong Kong in 2026 broke issue price. The article argues that capital is not exiting the direction of physical-world intelligence, but rather the valuations and delivery pace that demo capabilities cannot support.