Based on the perspectives of organizational learning theory and contingency theory,this paper analyzes the influencing factors of knowledge acquisition in host countries of overseas subsidiaries based on the questionnaire data of 195 Chinese multinational enterprises(MNEs).The results show that the absorptive capacity and network embeddedness of overseas subsidiaries of Chinese MNEs have a significant positive impact on knowledge acquisition in host countries.The results also show that the localization strategy,operational autonomy and knowledge acquisition performance evaluation criteria of overseas subsidiaries have a significant positive impact on knowledge acquisition in host countries.In addition,when Chinese MNEs invest in OECD countries,the impact of network embeddedness,operational autonomy,and performance evaluation criteria on knowledge acquisition in the host country is more significant,while when Chinese MNEs are private enterprises,the impact of network embeddedness and localization strategy on knowledge acquisition in the host country is more significant.