VIE Structure definition

VIE Structure means the investment structure a non-PRC investor uses when investing in a PRC company or business that typically operates in a regulated industry. Under such investment structure, the onshore PRC operating entity and its PRC shareholders enter into a number of Contracts with the non-PRC investor (or a foreign invested enterprise incorporated in the PRC) and/or its onshore WFOE pursuant to which the non-PRC investor achieves control of the onshore PRC operating entity and also consolidates the financials of the onshore PRC entity with those of the offshore non-PRC investor.

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VIE Structure means the investment structure in which a PRC-domiciled operating entity and its PRC shareholders enter into a number of Contracts with a non-PRC investor (or a foreign-invested enterprise incorporated in the PRC invested by the non-PRC investor) pursuant to which the non-PRC investor achieves control of the PRC-domiciled operating entity and also consolidates the financials of the PRC-domiciled entity with those of the non-PRC investor.

VIE Structure means the investment structure in which a Mainland China-domiciled operating entity and its Mainland China shareholders enter into a number of Contracts with a non-Mainland China investor (or a foreign-invested enterprise incorporated in Mainland China invested by the non-Mainland China investor) pursuant to which the non-Mainland China investor achieves control of the Mainland China-domiciled operating entity and also consolidates the financials of the Mainland China-domiciled entity with those of the non-Mainland China investor.

Examples of VIE Structure in a sentence

• The Enhanced VIE Structure maintains the primary legal framework that we and many peer companies in our industry have adopted to operate businesses in which foreign investment is restricted or prohibited in the PRC.

• There are no existing or threatened legal proceedings, claims, or investigations that could adversely affect the validity or enforceability of the VIE Structure.

• The execution, delivery, and performance of this Agreement and the consummation of the transactions contemplated hereby will not result in any breach or default of any of the agreements related to the VIE Structure, nor will it result in any violation of applicable laws and regulations.

• SPV Means the overseas entity in the VIE Structure, which is directly or indirectly established by the Cayman Company and which indirectly or directly owns 100% of the shares in the WFOE.

• Under the Enhanced VIE Structure, the designated subsidiary, on the one hand, and the corresponding VIE and the multiple layers of legal entities above the VIE, as well as the natural persons described above, on the other hand, enter into contractual arrangements, which are substantially similar to the contractual arrangements we have historically used for variable interest entities.

More Definitions of VIE Structure

VIE Structure and “VIE Structuring Documents” shall have the meaning ascribed to such terms in Section 3.1(A)(b).

VIE Structure means a variable interest entities structure, i.e., the Company indirectly controls 100% equity interests of the Operating Entity by means of the VIE Agreements in order to obtain all the profits from the Operating Entity. WFOE has the meaning given to it in SCHEDULE 3 hereof.

VIE Structure means any arrangement where an entity (that is established in the PRC and in respect of which the Borrower or the Target does not, directly or indirectly, hold or own a majority of its Equity Interests) and/or any or all of its shareholder(s) enter into contractual arrangements with any Group Member or the Target Group which enable such Group Member or the Target Group to exercise effective Control over such first-mentioned entity or consolidate the financial condition or results of operation of such first-mentioned entity in accordance with the Accounting Principles for the purposes of the consolidated financial statements of the Group or the Target Group.

VIE Structure means the investment structure in which a PRC-domiciled operating entity and its PRC shareholder(s) enter into a number of Contracts with a non-PRC investor (or a foreign-invested enterprise incorporated in the PRC invested by the non-PRC investor) pursuant to which the non-PRC investor (or a foreign-invested enterprise incorporated in the PRC invested by the non-PRC investor) achieves Control of the PRC-domiciled operating entity and consolidates the financials of the PRC-domiciled entity with those of the non-PRC investor.

VIE Structure means the variable interest entity structure under which the Company and/or the WFOE entered into various contractual arrangements with Zhejiang Xiaojianren pursuant to which the Company and/or the WFOE shall control and receive 100% of the economic benefits of Zhejiang Xiaojianren.

VIE Structure means the group structure by which the Company’s Subsidiary incorporate Yidian Technology into the consolidated financial statements of the Company, through the control agreements executed by Yidian Information with Yidian Technology (as defined below) and the shareholders of Yidian Technology.

VIE Structure means the structure under which the WFOE Controls the Domestic Company through the VIE Documents.