Overview
- Tencent posted Q3 revenue of RMB 192.9 billion and profit of RMB 63.1 billion, said AI materially boosted sales and margins, and recorded a peak R&D outlay of RMB 22.8 billion as WeChat readies AI agent capabilities.
- JD Group reported revenue of RMB 299.1 billion and net profit of RMB 5.3 billion, with CEO Xu Ran saying the subsidy-fueled demand surge is normalizing and that JD Waimai is intended to become self-sustaining within the broader ecosystem.
- JD Logistics delivered revenue of RMB 55.1 billion and profit of RMB 2.03 billion, while employee compensation for frontline operations jumped 49.8% year over year to RMB 21.8 billion in the quarter.
- SMIC generated revenue of RMB 17.16 billion and profit of RMB 1.52 billion, and co-CEO Zhao Haijun projected full-year sales above $9 billion as capacity stays tight despite a seasonal Q4.
- Bilibili returned to profit with RMB 469 million as core user metrics hit records and AI-related video submissions rose 83% year over year, and Xunlei’s $550 million GAAP profit was driven mainly by a roughly $546 million unrealized gain on its Yingshi Innovation stake.