Research On Demolition Of Career International's VIE Architecture

Due to financing dilemma in start-ups and capital rational in certain industry,since2000,VIE architecture has been widely used to go listed overseas in Internet,media,and education industry.However,VIE strcture revealed compliance risk,encouragement on returning domestic capital market among regulators' documentations as well,pulling oversea VIE structue dismantaling its complex contract control.In this context,the analysis of VIE dismantlement is of great practical significance.The VIE architecture built by Career International has a certain degree of particularity,and it has great wisdom in the process of dismantling the structure of control,the cancellation of employee options,and arrangement of funds.The first part briefly describes the background and significance of the article research,the second part of the research results sort out resaerch thesises both domestically and abroad,and ends with a comprehensive comment.The third part elaborates the meaning and content of the VIE architecture,and describes the risks of the VIE architecture in recent years.The fourth part is the analysis of VIE structure demolition,which describes the process of the construction and dismantling of the VIE architecture,analyzes the background of the formation of the VIE architecture,the selection of the listed entity in the dismantling of the VIE structure,the cancellation of the employee stock option,tax considerations in trading model selection,funding arrangements in demolition process and the necesity for overseas HK companies and Cayman company retained.The fourth part is the conclusion of the study,make recommendations for other enterprises through the analysis of VIE architecture dismantlement,employee stock trading platform should take into account the interests of all parties,a reasonable determination of the main body inorder to go listed,tax planning before making decisions to dismantle the VIE structure,to facilitate the funding arrangements.The fifth part is the summary and research prospect.