Based on the data of 1066 cases of crossborder M&A of Chinese enterprises from 2001 to 2017, this article uses the binomial Logit regression model to discuss the impact of network development, economic distance, cultural distance and geographical distance of host countries on the crossborder M&A equity entry mode of Chinese enterprises. The results show that in the process of crossborder mergers and acquisitions, the greater the economic distance and the network development, the more likely the enterprises tend to adopt minorityequity mode; the greater the cultural distance and geographical distance, the more likely the enterprises tend to adopt majorityequity mode.