源码资本

源码资本

@sourcecodecapital

创造持久真实价值

508 articles

Articles

An ESOP Primer from a Labor Law Veteran: 6 Cases and 5 Recommendations | ESOP Research

An ESOP Primer from a Labor Law Veteran: 6 Cases and 5 Recommendations | ESOP Research

Preface: ESOP is not merely a business, legal, or tax issue. What CEOs truly need is a comprehensive solution. To this end, Source Code Capital has invited four teams of experts, each of whom has handled multiple equity incentive cases in the TMT sector within their respective fields, and who are appearing together on a single platform for the first time. They will provide a full-process, multi-dimensional analysis of ESOP from four perspectives — management, legal, tax and finance, and dispute resolution — to help everyone make the most of this

Smart Tax Planning: Keeping Employee Incentives at Full Value | ESOP Research

Smart Tax Planning: Keeping Employee Incentives at Full Value | ESOP Research

Preface: ESOP is not merely a business, legal, or tax issue. What CEOs truly need is a comprehensive solution. To this end, Source Code Capital has assembled four teams of experts, each having handled numerous TMT industry equity incentive cases in their respective fields. It is also the first time they are appearing together on a single platform. They will provide a full-process, multi-dimensional analysis of ESOP from four perspectives — management, legal, tax and finance, and dispute resolution — to help everyone make the most of this tool.

A Deep Dive into Legal Structures and Issues for Domestic and Overseas (VIE) Equity Incentive Plans | ESOP Research

A Deep Dive into Legal Structures and Issues for Domestic and Overseas (VIE) Equity Incentive Plans | ESOP Research

Preface: Source Code Capital recently surveyed founders on ESOP (Employee Stock Ownership Plan) topics and discovered that CEOs face many shared challenges. How large should the option pool be at different stages of a company? How should ESOP be granted? To whom? How much? How can companies communicate with employees to achieve real motivational impact? As companies grow, how does ESOP connect with capital markets? When liquidity opportunities arise, how are ESOP gains taxed — and how can taxes be minimized? When employees depart, how should their ESOP be

How Can Effective Equity Incentives Achieve "Fairness, Value, and Participation"? | ESOP Research

How Can Effective Equity Incentives Achieve "Fairness, Value, and Participation"? | ESOP Research

Preface: Source Code Capital recently surveyed founders on ESOP (Employee Stock Ownership Plan) topics and discovered that CEOs face many shared challenges. How large should the option pool be at different stages of a company's growth? How should ESOP grants be structured? Who should receive them, and in what amounts? How can companies communicate with employees to achieve genuine motivational impact? As companies mature, how does ESOP integrate with capital markets? When liquidity opportunities arise, what are the tax implications for ESOP, and how can tax efficiency be optimized? And when employees depart, how should their ESOP be handled?

How to Avoid the Pitfalls in Equity Incentive Plans? | ESOP Research

How to Avoid the Pitfalls in Equity Incentive Plans? | ESOP Research

Preface: Equity incentives are a double-edged sword. When structured well, they boost morale and performance; when implemented blindly, they plant seeds of endless trouble for the company. To help founders navigate the complexities of plan design, employee communication, tax planning, dispute resolution, and IPO preparation, Source Code Capital's legal team partnered with external experts to host an in-person seminar for Ma Hui CEOs. To extend this knowledge to more entrepreneurs, we've distilled the speakers' insights into the following five Q&As — we hope they help you avoid the pitfalls.

SaaS Business Fundamentals and Value-Add Criteria | Source Code Capital Internal Reference

SaaS Business Fundamentals and Value-Add Criteria | Source Code Capital Internal Reference

Yi Wen Hao joined Source Code Capital in 2014, focusing on investments in artificial intelligence, enterprise services, and education. The projects he has invested in and managed include outstanding companies such as Haiwind Education, Suishouji (Feidee), ABotz Technology, Huishoubao, WeDoctor (Weimai), Chuxin Intelligence, and Minxing Shensai. Mr. Hao previously worked at Tencent, where he was responsible for the overall planning of the Enterprise QQ product line. He also held positions at ASIAGROUP and Frost & Sullivan, focusing on corporate strategy and market growth.

Meituan Files for IPO, Three Companies Close Funding Rounds, Code Brain's Sixth Session Visits ByteDance | Ma Hui Journal · June

Meituan Files for IPO, Three Companies Close Funding Rounds, Code Brain's Sixth Session Visits ByteDance | Ma Hui Journal · June

Four years since Source Code Capital's founding, the many member companies of the Source Code family have grown into a thriving forest. Ma Hui has also become a platform where Source Code Capital's LPs, partners, and entrepreneurs exchange ideas. *Ma Hui Chronicle* is here to record our friends' incremental progress, share the joy of growth, and look forward to an even brighter future.

2018全球Top 1000 计算机科学家h指数发布,张宏江博士获中国大陆第一

2018全球Top 1000 计算机科学家h指数发布,张宏江博士获中国大陆第一

Guide2Research网站日前发布了2018年全球计算机科学和电子领域H-index排名前1000的科学家。密歇根州立大学的 Anil K. Jain 教授超越诺贝尔奖得主司马贺成为最新的榜首。**源码资本投资合伙人张宏江博士位列中国大陆第一。**

Regulatory Thinking and Arrangements Under the New Asset Management Rules | A New Era for Asset Management

Regulatory Thinking and Arrangements Under the New Asset Management Rules | A New Era for Asset Management

After providing a comprehensive review and interpretation of the *Guiding Opinions on Regulating the Asset Management Business of Financial Institutions* (hereinafter referred to as the "Guiding Opinions" or "New Asset Management Regulations"), Source Code Capital Policy Research Issue No. 1 places greater emphasis on the underlying regulatory philosophy and objectives embedded within the framework. It analyzes the impact of the New Asset Management Regulations on asset management operations, identifies future growth opportunities, and offers recommendations on strategic responses and business transformation directions for various market participants under the new regulatory environment.