Supplementary Figure 1. HRTEM images of PtNi / Ni-B composite exposed to electron beam. The. scale bars are 5 nm.

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Supplementary Figure 1. HRTEM images of PtNi / Ni-B composite exposed to electron beam. The scale bars are 5 nm. S1

Supplementary Figure 2. TEM image of PtNi/Ni-B composite obtained under N 2 protection. The scale bars are 50 nm. S2

Supplementary Figure 3. The dealloying process and growth of M-B in PtCo (a, b) and PtFe (c, d) bimetallic systems. The scale bars are 50 nm. S3

Supplementary Figure 4. XRD patterns of PtNi and PtNi/Ni-B. S4

Supplementary Figure 5. HRTEM images of Pt-Ni / Ni-B composite after annealing at 450 o C in nitrogen flow. The scale bars are 5 nm. S5

Supplementary Figure 6. TEM images of Pt-Ni / Ni-B composite after (A) dipping in 0.1 M HClO 4 solution for 48 h, and (B) annealing at 450 o C for 12 h in a nitrogen flow. The scale bars are 50 nm. S6

Supplementary Figure 7. (a) Adsorption of B on the hollow site of Pt(111), including valence state of B and electron transfer from Pt(111) to B. (b) Adsorption of BO 2 on the hollow site of Pt(111), including valence state of B and electron transfer from Pt(111) to BO 2. S7

Supplementary Figure 8. TEM images of as-prepared PtNi octahedron. The scale bars are 50 nm. S8

Supplementary Figure 9. (a) ORR polarization curves of PtNi/Ni-B/C, PtNi/C/Ni-B, Pt/Ni/C and Pt/C in O2-saturated 0.1M HClO4 solution with a sweep rate of 10 mv s-1 and a rotation rate of 1600 rpm. (b) Mass activity for these four catalysts at 0.95 V versus RHE. S9

Supplementary Figure 10. CV curves of Pt/C and Pt/C/Ni-B in N 2 -saturated 0.1M HClO 4 solution. S10

Supplementary Figure 11. ORR polarization curves of (A) Pt/C and (B) Pt/C/Ni-B before and after 5000 cycles between 0.6 and 1.0 V. S11

Supplementary Figure 12. XRD patterns of Pt/C and Pt/C/Ni-B. S12

Supplementary Figure 13. Binding energy of O on Pt-terminated PtNi(111) surfaces as a function of compressive strain (with respect to bulk PtNi) and number of Pt overlayers. The pink dotted, and blue dashed-dotted horizontal lines represent the theoretically determined optimal binding energy of O and the lower limit of optimal range from the previous work 1, respectively. The green solid line shows the binding energy of O on Pt(111). S13

Supplementary Table 1. Atomic contents of Pt, Ni and B in PtNi/Ni-B, PtNi 3 and PtNi measured by ICP-MS. Catalyst Pt (μg ml -1 ) Ni (μg ml -1 ) B (μg ml -1 ) PtNi/Ni-B 2.84 2.74 0.15 PtNi 3 2.53 2.16 PtNi 2.93 0.77 S14

Supplementary Table 2. Surface areas and ORR activities at 0.9 V and 0.95 V versus RHE for PtNi/Ni-B/C, PtNi/C, Pt/C, Pt/C/Ni-B, PtNi/C/Ni-B catalysts. Catalyst Pt loading ECSA Mass activity Specific activity (μg cm -2 ) (m 2 g -1 Pt) at 0.9 V/0.95V at 0.9V/0.95V (A mg -1 Pt) (ma cm -2 ) PtNi/Ni-B/C 6.1 59 5.34/0.96 9.05/1.62 PtNi/C 6.1 46 0.97/0.18 2.11/0.39 Pt/C 12.2 71 0.20/0.05 0.28/0.07 Pt/C/Ni-B 12.2 73 0.65/0.15 0.89/0.21 PtNi/C/Ni-B 6.1 47 1.87/0.41 3.98/0.87 S15

Supplementary Table 3. Mass activities at 0.9, 0.92, 0.94 and 0.95 V versus RHE for PtNi/Ni-B/C, PtNi/C, Pt/Ccatalysts. Catalyst 0.9 V 0.92 V 0.94 V 0.95 V PtNi/Ni-B/C (A mg -1 Pt) 5.34 2.74 1.37 0.96 PtNi/C (A mg -1 Pt) 0.97 0.52 0.27 0.18 Pt/C (A mg -1 Pt) 0.20 0.11 0.06 0.05 [PtNi/Ni-B/C] : [Pt/C] ~27 ~25 ~23 ~19 S16

Supplementary Note 1 Methodology and calculation model All spin-polarized calculations were performed using a periodic plane-wave density functional theory (DFT) method, as implemented in the Vienna ab-initio simulation package (VASP) 2. The RPBE exchange-correlation functional 3 of a generalized gradient approximation (GGA), and the projector augmented wave (PAW) method 4 for the electron-ion interaction were used. The kinetic energy cutoff was 408 ev. A four layer Pt(111) slab with a p (2 x 2) surface unit cell was adopted to modeled the extended Pt-Ni(111) reactive surface. The validity of the assumption is confirmed by previous experimental 5,6 and theoretical studies,4 which had unequivocally demonstrated that the Pt-Ni nanoalloys after chemical etching favor the metal surface segregation, i.e., Pt-rich (111) facets. The same assumption Pt(111) instead of Pt 3 Ni(111) was adopted in theoretical calculations, too 7. The vacuum spacing in the direction normal to the surface was at least 12 Å between neighboring slab images. The Brillouin zone was sampled using a 6 x 6 x 1 Monkhorst-Pack k-point mesh 8. Adsorbates and the top two layers of the slab were allowed to relax. The criterion of force convergence was set to 0.02 ev/å. The binding energy Eb, describing not only the membrane-nps interaction but also the stability of oxygen, was defined as follows: E b = E total (E (composite) substrate + E adsorbate ) where E total is the total energy of the adsorbate-substrate system, E (composite) substrate and E adsorbate are the energies of the (pre-adsorbed or pure) substrate and the free adsorbate, respectively. The calculated binding energies of O and OH on Pt(111) (0.25 ML) were -3.82 S17

and -1.91 ev, respectively, which are in good agreement with the previous studies (-3.81 9,10 ) and 1.90 ev 11 ). On the other hand, the much larger binding energy of B (-6.18 ev) compared with Ni (-3.38 ev) on Pt(111) at least indicates that the coated Ni-B membrane would allow contact with the internal Pt-Ni NPs mainly through the B-Pt bonds rather than the Ni-Pt ones. Aberration-corrected high-angle annular dark-field (HAADF) images shows the Ni-B membrane has an amorphous structure and does not completely cover Pt-Ni NPs. The two evidences indicate that the electronic properties of Pt surface are essentially controlled by the state that anchored B holds. To a certain extent, it also supports the hypothesis that B instead of B-Ni as a straightforward microscopic model. In the unique fashion, the use of model systems enables us to mimic the basic features of real composite catalysts, such as the membrane-nps interaction and the change of valence of B. Bader charge analysis 12 showing charge transfer was employed to identify the valence states of various species present therein. The B on Pt(111) accepts 0.57 e due to different electronegativity, indicative of a negative valence of B δ-, which conflicts with the XPS measurement. This means the B in the Ni-B membrane does not stably exist only in the atomic/alloy states. In addition, to further study the effects of subsurface Ni atoms on the O binding in the ORR reaction from the geometrical (i.e., lattice strain) and electronic (i.e., alloying) perspectives, a six layer PtNi(111) slab with the same p (2 x 2) surface unit cell was considered. In general, a compressive strain was induced in the surface Pt-skin of PtNi alloy because of the difference of lattice parameter between them. Therefore, in the O adsorption calculation of the complex system, we not only modeled the nanoparticles as PtNi(111) surfaces with 1 and 2 Pt overlayers for the practical Pt-skin after the etching, but also introduced the 1, 2 and 3% lateral compressive strain in the slab for the lattice mismatch. Results showed (Supplementary Figure 13) that the Pt-terminated surfaces of PtNi alloys bind oxygen S18

weaker than Pt(111), and the binding of O weakens monotonically with compressive strain. In detail, for the PtNi(111) with single Pt overlayer, all the O binding energies whether under compressive strain (1-3%) or not (0%), are far away from the lower limit of optimal range (-3.42 ev). While with two Pt overlayers, the uncompressed surface binds O (-3.65 ev) slightly stronger than the optimal one (-3.62 ev), and it is most close to the optimal value with a 1% compressive strain (-3.59 ev). Even if under 2% compressive strain, the O binding energy is in the optimal range. Considering that the surface Pt-skin of obtained concave octahedral NPs possesses numerous defects after the etching (Fig. 2A), we affirm that smaller lattice strain or compression (1-2%) is possible to occur. Supplementary References 1 Stamenkovic, V. et al. Changing the activity of electrocatalysts for oxygen reduction by tuning the surface electronic structure. Angewandte Chemie 118, 2963-2967 (2006). 2 Kresse, G. & Furthmüller, J. Efficient iterative schemes for ab initio total-energy calculations using a plane-wave basis set. Phys Rev B 54, 11169-11186 (1996). 3 Hammer, B., Hansen, L. & Nørskov, B. J. K. Improved adsorption energetics within density-functional theory using revised Perdew-Burke-Ernzerhof functionals. Phys Rev B 59, 7413-7421 (1999). 4 Blöchl, P. E. Projector augmented-wave method. Phys Rev B 50, 17953-17979 (1994). 5 Wu, Y. et al. A strategy for designing a concave Pt Ni alloy through controllable chemical etching. Angewandte Chemie International Edition 51, 12524-12528 (2012). S19

6 Cui, C., Gan, L., Heggen, M., Rudi S., & Strasser P. Compositional segregation in shaped Pt alloy nanoparticles and their structural behaviour during electrocatalysis. Nat. Mater. 12, 765 771 (2013). 7 Stamenkovic, V. R. et al.improved oxygen reduction activity on Pt3Ni (111) via increased surface site availability. Science 315, 493-497 (2007). 8 Monkhorst, H. J. & Pack, J. D. Special points for Brillouin-zone integrations. Phys Rev B 13, 5188-5192(1976). 9 Herron, J. A. et al. Oxygen reduction reaction on platinum-terminated onion-structured alloy catalysts. Electrocatalysis 3, 192-202 (2012). 10 Wang, G. et al. Pt Skin on AuCu Intermetallic Substrate: A Strategy to Maximize Pt Utilization for Fuel Cells. J Am Chem Soc 136, 9643-9649 (2014). 11 Jinnouchi, R., Kodama, K. & Morimoto, Y. DFT calculations on H, OH and O adsorbate formations on Pt (111) and Pt (332) electrodes. J Electroanal Chem 716, 31-44 (2014). 12 Henkelman, G., Arnaldsson, A. & Jónsson, H. A fast and robust algorithm for Bader decomposition of charge density. Comp Mater Sci 36, 354-360 (2006). S20