Transition metal chalcogenides as potential anodes for lithium-ion batteries have been widely investigated. For practical application, the drawbacks of low conductivity and volume expansion should be further overcome. Besides the two conventional methods of nanostructure design and the doping of carbon-based materials, the component hybridization of transition metal-based chalcogenides can effectively enhance the electrochemical performance owing to the synergetic effect. Hybridization could promote the advantages of each chalcogenide and suppress the disadvantages of each chalcogenide to some extent. In this review, we focus on the four different types of component hybridization and the excellent electrochemical performance that originated from hybridization. The exciting problems of hybridization and the possibility of studying structural hybridization were also discussed. The binary and ternary transition metal-based chalcogenides are more promising to be used as future anodes of lithium-ion batteries for their excellent electrochemical performance originating from the synergetic effect.