Abstract:FDI entry mode is one of the most important strategic decisions in the process of firms’internationalization.Meanwhile,FDI is a sequential process which can be greatly influenced by firms’former experiences.This kind of influence may vary during the whole process of FDI.Based on the data of listed companies in Chinese manufacturing industry,we applied a multinomial logistic regression model to verify our proposed hypotheses. Through the empirical studies,we found that firm-level experience,TMT-level experience and TMT capabilities will affect these firm’s propensity of their first entry mode choice,and the propensity will change systematically in the following FDI processes.Pensity will change systematically in the following FDI process.