Cover Story: China’s Embodied AI Boom Faces Public Market Test

By combining artificial intelligence with robotics to build machines capable of navigating the physical world you arrive at a sleek new buzzword: embodied AI. In China, this concept has triggered an investment boom, emerging as one of the country’s hottest venture-capital themes.

Over the past two years, some 370 startups have entered the field and by July, about 50 were pursuing listings in Hong Kong or the Chinese mainland.