As the world has entered the internet era, the complexity and uncertainty of internet had brought unprecedented challenge to companies’ business models. This study explores the value creation mechanism under internet business models. Through research on relevant theories of internet business models, we constructed a theoretical model of the internet business; at the same time, the structural dimension of connection, cross-border and interface, and the relevance dimension of communities, platforms, and scenarios were introduced, which provide additional explanation on the value creation mechanism for the internet business model. Finally, based on the impact of internet on traditional rent theory, the economic rent - linkage dividend was revised, and a detailed demonstration was launched.