A 融中财经 report republished by TMTPost says an investor who put money into an embodied AI startup at a RMB 3 billion post-money valuation now wants to sell shares at a RMB 12 billion valuation, roughly half the company's stated RMB 22 billion mark, and has found no buyer. TMTPost's own analysis links that discount to a wider split: Yinghe Robotics entered bankruptcy liquidation, with its first creditors' meeting in Shenzhen on October 19, while Astribot raised RMB 1 billion at a RMB 15 billion valuation and Unitree's market value fell from a listing-day peak of RMB 444.9 billion to around RMB 170 billion before rebounding above RMB 200 billion. The reports attribute the pressure to slower IPO exits and investor demands for recurring revenue, while capital shifts toward embodied AI “brains” rather than robot bodies.