Unitree Technology, a frontrunner in the field of embodied intelligence, has embarked on its Initial Public Offering (IPO) journey. This move marks the physical AI sector's entry into a novel phase of industrial verification and valuation by the public in the capital market. As a core strategic investor in Unitree Technology, Shoucheng Holdings is poised to enjoy the fruits of its early-stage investments. Concurrently, it has teamed up with various entities to set up an equity investment fund worth RMB 3.5 billion, dedicated to pioneering technological innovation and burgeoning future industries, with a particular emphasis on investing across the entire physical AI supply chain. Based on incomplete data, the physical AI sector has drawn in over USD 10 billion in investments over the past 18 months. In August alone, several firms, such as Feijieke Si, Xihu Shuzhi, and Huilun Technology, successfully raised hundreds of millions of yuan in funding. Significantly, by 2025, half of the financing in the physical AI industry will continue to be directed towards early-stage startups. Nevertheless, by 2026, the share of first-round financing is projected to plummet to 8%, with a whopping 92% of the funds being funneled into leading companies that already possess secured orders and well-developed products.