Virtual communities focus on user participation, interaction and open sharing, which provide conditions for multi-agent cooperation to participate in co-created value. Thereby further studying the value of creating a mode key factors of the users continue to use the virtual community, the paper integrates to co-created value theory and the theory of transaction cost, while totally researches on perceived value, the impact on transaction costs on value co-creating motivation and co-created value for the effect of continuance intention, also analyzes the effect of two different types of virtual communities: information consultation and emotion. Empirical result shows what makes a significant impact on co-creating value is due to the emotional value and information value of perceived value, while co-creating value on the willing continuous use of the communities has a great influence. In addition, the analysis result on regulating effect of different types of virtual communities illustrates: sentimental value has the same vital impact on the co-creating value of two sorts of virtual communities, and for co-creating value, information value in the information consulting community is much more than more than emotional effects community, whereas for co-creating value, entertainment value under the emotional virtual communities is way beyond information consulting virtual communities.