A composite fluidized bed (SCFB), which integrated the bubbling fluidization and circulating fluidization into one bed, was developed in this work. Wavelet transform was employed to analyze time-series signals of the pressure fluctuations and the steady-state tracer injection technique was used to study the gas diffusion coefficient in SCFB. The energy contribution in BFB and CFB mainly concentrated on the macrostructures, while that in SCFB was caused principally by the mesostructures as gas velocity was high. The circulating particles could effectively reduce particle aggregates and promoted a uniform distribution of heavy particles in the bottom region. Radial dispersion coefficients in SCFB were greater than that in BFB and CFB, demonstrating that the circulating particles enhanced gas mixing in SCFB. The ratio of Da/Dr in SCFB was less than that in BFB, indicating that gas-solid flow in SCFB was more closely to the mixed-type flow compared to the BFB.