Diluted ferromagnetic semiconductors (DMS) have attracted widespread attention for last decades, owing to the potential applications for spintronics devices. But classical III-V based DMS materials, such as (Ga, Mn) As, which depends on heterovalent (Ga<sup>3+</sup>, Mn<sup>2+</sup>) doping, results in lack of individual control of carrier and spin doping, and seriously limited chemical solubility. They are disadvantages to further improve the Curie temperatures. To overcome these difficulties, a new generation of DMS with independent spin and charge doping have been designed and synthesized. The representatives are I–II–V based Li (Zn, Mn) As and II–II–V based (Ba, K) (Zn, Mn)<sub>2</sub>As<sub>2</sub>. In these new materials, isovalent (Zn<sup>2+</sup>, Mn<sup>2+</sup>) substitution only dopes spins, while charges are independently doped by heterovalent substitution of non-magnetic elements. As a result (Ba, K) (Zn, Mn)<sub>2</sub>As<sub>2</sub> obtains the reliable record of Curie temperature of 230 K among DMS where ferromagnetic orderings are mediated by itinerate carriers. Herein, we summarize the recent advances of the new generation DMS materials. The discovery and synthesis of several typical new generation DMS materials are introduced. Physical properties studies by using muon spin relaxation, angle-resolved photoemission spectroscopy and pair distribution function are presented. We also show physical and chemical pressure effects on the title materials. Andreev reflection junction based on single crystal and measurements of spin polarization are exhibited. In the end, we demonstrate the potential multiple-parameters heterojunctions with DMS superconductors and antiferromagnetic materails.