Agile virtual enterprise (AVE) is an important organization mode of 21 st century and an important method to response quickly to the changes of the market as well. Based on the analysis of the connotation of AVE and the differences between traditional enterprises and AVE, through a variety of views including function view, human/organization view, process/control view, information view, and resources view, the concept model of AVE is established. A variety of issues during the lifecycle of the AVE are also researched. The operation mode of the AVE and the questions that must be paid attention to are presented. This is helpful to understand and master the meaning and feathers of AVE, and to the practice of AVE in China, which will contribute to the improvement of compete ability of Chinese enterprises.