Moonshot AI, the $20bn Beijing-based developer of the Kimi chatbot, has informed shareholders it will dismantle its offshore VIE structure to clear the path for a Hong Kong IPO under new CSRC rules.
Since its first use by Sina Corporation in 2000, the VIE structure has been widely adopted by many Chinese companies to attract foreign investment and complete offshore listings. While companies ...
The variable interest entity (VIE) structure has been around since the listing of Sina.com on the Nasdaq Stock Market in 2000. It enables companies to exercise control over operating entities and ...
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