The low specific capacity of graphite limits the further increase of the energy density of lithium-ion batteries and their widespread applications. Exploring new anode materials is the key issue. Herein, a new mullite-type compound Bi2Mn4O10 is designed and synthesized. The Bi2Mn4O10/C composite delivers a high reversible specific capacity of 846 mA h g-1 (more than twice that of graphite), and exhibits a high capacity retention of 100% after 300 cycles at 600 mA g-1, which is reported for the first time. The high specific capacity originates from the combination of the conversion reaction and alloying-dealloying reaction, which has been confirmed by the ex situ XRD, IR, SEM and TEM studies. In addition, the unique nanocomposite generated during the charge-discharge process provides excellent cycling stability. This work proves that Bi2Mn4O10/C is a potential anode material for advanced lithium-ion batteries.