Abstract: Digital technologies such as big data, artificial intelligence and social media are constantly infiltrating and changing entrepreneurial behaviors and outcomes. However, the research on how digital technologies influence entrepreneurial activities is still under exploration, and there’s no systematic research framework. Based on this, this paper reviews articles on this topic in the past 21 years from 1998 to 2018 in 52 journals of FT50 and UTD24 to reveal the connotation and attributes of digital technology and its impact on entrepreneurial activities. The results show that digital technology has positive and negative effects on entrepreneurial activities and challenges existing entrepreneurial theories, including resource-based view, dynamic capabilities theory, institutional theory, network theory, opportunity discovery and creation theory. Finally, based on the research limitations and realistic needs, this paper present a future research framework and the issues that need to be further studied using process theory.