Polycondensation is an important method of polymerization that affords polymers containing functional groups and/or aromatic rings in the backbone, which serve as fibers, engineering plastics, electrical materials, and so on by virtue of their strong intermolecular forces. Most research had been centered on how to increase the molecular weight of polymers and how to synthesize a variety of condensation polymers. Lately, however, polycondensation has developed in many controlled ways. This article describes (i) stoichiometric‐imbalanced polycondensation, in which high‐molecular‐weight polymers are obtained even when one of the two monomers are used in excess, (s) sequence control of monomer units in the backbone, (ii) molecular weight and dispersity control in polycondensation which proceeds in chain‐growth polymerization manner like living polymerization to afford aromatic polyamides, π‐conjugated polymers, and so on, (iii) chain topology control for linear, cyclic, and hyperbranched polymers, and (iv) architectures containing condensation polymer such as block copolymer, star polymer, and graft copolymer from a combination of controlled polycondensation and another polymerization method.