The Chinese Startup You're Considering
What you want screened before your IC meets.
Your Deal Materials
Whatever documentation you already have.
Your Structural Concerns
What your IC can't answer from materials alone.
Your Investment Mandate
Your ticket size, stage, and risk parameters.
Direct Insights from Top University Researchers
Structural Risk Calculator
Structural risk
estimate
Illustrative estimate, not derived from ZINVEO's proprietary data. ZINVEO does not guarantee outcomes.
The Framework
Lens 01
Governance
Whether formal control, board seats, voting rights, protective provisions, actually matches who holds day-to-day authority.
Formal vs. effective control mapping
Company chop and legal representative structure
Board composition vs. real decision authority
Lens 02
Capital Dependency
Where a company's capital and revenue actually originate, and what that implies about incentive alignment.
Source and terms of state-linked or subsidy capital
Customer and revenue concentration analysis
Prior-round capital account and SAFE dependencies
Lens 03
Political Exposure
How exposed a structure is to shifts in regulation, enforcement, or policy posture, precedent versus untested assumption.
Foreign-ownership catalogue status by sub-sector
VIE structure enforceability and precedent
Cross-border data and capital movement exposure
Stress-Test
Three deals, three different fragility outcomes, demonstrating that ZINVEO distinguishes between structurally sound and structurally fragile deals with precision.
TutorLink
EdTech
35% subsidy-linked users
70% voting vs 52% equity
Independent director not tested
Policy-enabled demand not disaggregated from market-driven demand.
GreenHarvest
AgriTech
Undisclosed related-party distributor
Board notice at contractual minimum
Founder took over investor comms
Undisclosed RPT at 60% revenue concentration. Board authority illusion.
QuantumPay
Fintech
Sole founder VIE instrument control
Communications via legal counsel only
2 competitor licenses suspended
Single point of failure on VIE, plus political stress signals concurrent with sector regulatory shock.
Illustrative examples, not based on any actual client engagement. Not a valuation, not a recommendation.
For Governance
Board seats and shareholder rights that look identical to what you'd expect in any market, until you check who actually holds operational control.
Explore Governance
Governance
Structural risk category
Zinveo Structural Rules
Related Resources
Search our coverage, or request direct access to ZINVEO's structural risk engine.
