This research studied some topics about inflow knowledge source, knowledge storage and knowledge transformation of corporation diversified into chain industry and explored the relationship among typology of knowledge transformation and performance of new chain venture. The research method included case study and semi-structured. The research findings are: (1). The explicitness of inflow knowledge source in order form high to low is foreign partner company, origin company and developed-by-self; (2). The explicitness of front yard operating knowledge is low and in organic storage, the explicitness of back yard operating knowledge is high and in mechanic storage; (3). The typology of knowledge transformation was classified into 4 types: ascertained, learning, operating, and exploring. And the performance of diversified new venture from high to low in order is ascertained, learning, operating, and exploring. The implication of research finding is that chain enterprise should endeavor to transform knowledge into explicitness and storage in mechanization.