Global Startup Funding Shifts: SHEIN's $27B IPO, AI Robotics Unicorns, and the Rise of Embodied Intelligence

Global startup funding is seeing a dramatic bifurcation: while established giants like SHEIN face severe valuation corrections at IPO, the AI robotics sector is minting new unicorns at breathtaking speed. SHEIN launched its Hong Kong IPO at a valuation of up to US$27 billion, a 73% plunge from its 2022 private-market peak of US$98.2 billion. The fast-fashion retailer is offering 280 million Class B shares at HK$47.60 to HK$49.50 each, potentially raising up to HK$13.86 billion...