Practice shows that the success of the social transformation requires the support of the success of the entrepreneurship, and entrepreneurship success is one of key elements of the success of social transformation. Based on the experience of developed countries, the synchronized economic entrepreneurship and social entrepreneurship is beneficial to promote the progress of the whole society. There is a tendency in China’s entrepreneurship at present, which is valuing economic entrepreneurship over social entrepreneurship. As a consequence, the unsynchronized economic entrepreneurship and social entrepreneurship is not conducive to China’s transformation and social progress. Based on the retrieval, induction and analysis of 34 papers published in the world’s top journals on entrepreneurship and management since 2011, this paper finds that social entrepreneurship research has made great progress in the past 5 years. Firstly, the range of research samples extends from developed countries to developing countries. Secondly, the analysis level of social entrepreneurship research in the past, mainly focused on the middle level that attaches to social enterprises, but now the studies of micro level（individual social entrepreneurs range）, middle level（social enterprises range）as well as macro level（national range）advance together. By analyzing the leading social entrepreneurship theories, this paper presents a series of research reflection and prospect on social entrepreneurship, and points out that China must firmly synchronize economic entrepreneurship with social entrepreneurship, so that the ‘popular entrepreneurship’ could provide better service to China’s economic and social development.