Overview
- Tencent posted revenue of RMB 192.9 billion and profit of RMB 63.1 billion, with quarterly R&D spending hitting a record RMB 22.8 billion focused on AI.
- JD.com reported revenue of RMB 299.1 billion and net profit of RMB 5.3 billion, as CEO Xu Ran said the JD Waimai service is being built to stand on its own within the group’s ecosystem.
- JD Logistics revenue rose 24.1% to RMB 55.1 billion while employee compensation jumped 49.8% to RMB 21.8 billion for the quarter as its network expanded to 1,600+ self-operated warehouses and 2,000+ cloud sites.
- SMIC delivered Q3 revenue of RMB 17.2 billion and net profit of RMB 1.52 billion, with co-CEO Zhao Haijun indicating full-year sales are expected to exceed $9 billion amid capacity tightness.
- Bilibili returned to profitability with net income of RMB 469 million as AI-related daily submissions grew 83%, while Xunlei’s $550 million GAAP profit was driven largely by a $545.8 million investment gain despite modest non-GAAP earnings.