Overview
- Tencent reported Q3 revenue of RMB 192.87 billion and net profit of RMB 63.13 billion, with a record RMB 22.82 billion in R&D spending focused on AI.
- JD Group posted revenue of RMB 299.1 billion and net profit of RMB 5.3 billion, as CEO Xu Ran said annual active users surpassed 700 million in October.
- JD Logistics delivered revenue of RMB 55.08 billion and net profit of RMB 2.03 billion, while operations employee compensation rose 49.8% to RMB 21.8 billion and outsourcing costs reached RMB 17.0 billion.
- SMIC recorded revenue of RMB 17.16 billion and net profit of RMB 1.52 billion, up 43.1% year over year, and guided Q4 revenue to be flat to up 2% with an 18%–20% gross margin.
- Bilibili returned to profit at RMB 469.4 million on stronger advertising and paid services with DAUs at 117.3 million, and Xunlei’s $550.1 million GAAP profit largely reflected a $545.8 million fair‑value gain on its YingShi Innovation investment.