The invention relates to a multifunctional folding travelling box which is characterized in that a storage box is mounted on a folding rack or a steering shaft pipe; the upper end of the folding rackis hinged to the upper end of a folding shaft pipe and the middle of the folding rack is connected to the lower end of the folding shaft pipe through a telescopic rod; a steering shaft pipe is mountedin the folding shaft pipe, a steering handle is mounted in the steering shaft pipe, a quick hoop is mounted at the upper end of the steering shaft pipe, a steering fork is fixed to the lower end, andthe steering wheel is mounted in the steering fork; a power lever is mounted on the lower portion of the folding rack, the upper side of the middle of the power lever is hinged to the folding rack and a driving lifting lever is arranged on the lower side, a bulb at the lower end of the driving lifting lever is located in a driving groove in the middle of a driving gear, and power pedals are mounted on two sides of the power lever in a left and right symmetrical manner; the middle of the driving gear is hinged to the folding rack, two ends of the driving gear are engaged to driven gears on twosides of a driving shaft, the driven gears are connected to drive wheels through an overrun clutch, and driving wheels are mounted at two ends of the driving wheel shaft at the lower end in a left and right symmetrical manner.