Selenium-containing polymers have attracted considerable attention due to their unique redox responsiveness. Here, phenyl vinyl selenide (PVSe), as a functional selenium-containing monomer, is polymerized with maleimide (MI) or its derivatives by reversible addition-fragmentation chain transfer polymerization. The resulting polymers are characterized by matrix-assisted laser desorption/ionization time-of-flight mass spectroscopy and proton nuclear magnetic resonance spectra, which particularly prove the obtaining of alternating polymers through the polymerization of PVSe and MI or its derivatives. Properties of the resulting polymers are systematically investigated, such as glass transition temperature, thermal performance, and refractive indices. What's more, based on phenylseleno oxidation elimination, the alternating polymers are oxidized through 30% H 2 O 2 to form precisely structured olefin copolymers with carbon-carbon (C-C) double bonds. The selective generation of double bonds in the alternating polymers is systematically studied. The efficiency of such oxidation is very high under mild conditions due to low electronegativity and bond energy of carbon-selenium (C-Se) bond, which provides a novel method to prepare precisely structured olefin copolymers with MI or its derivatives.