Core Insights - Tencent Holdings exceeded third-quarter earnings estimates, driven by AI initiatives that boosted ad pricing growth, while Bilibili showed potential for early investment opportunities after beating earnings expectations [1][2] - JD.com reported a decline in profit year-over-year due to investments in new business ventures, including grocery delivery [1] Tencent Earnings - Tencent reported adjusted earnings of 7.58 yuan per share ($1.06), surpassing estimates of 7 yuan per share, with a year-over-year earnings growth of 21.6% [2] - Revenue increased by 17.4% to 192.87 billion yuan ($27.099 billion), exceeding forecasts of 189.04 billion yuan [2] - Monthly average users of WeChat and Weixin rose by 2% to 1.414 billion, while revenue from gaming and social network services grew by 16% to 95.9 billion yuan [3] AI and Strategic Investments - Tencent's CEO highlighted that strategic investments in AI are enhancing ad targeting, game engagement, and operational efficiencies [3] - The company is upgrading its HunYan AI foundation model, which is contributing to the increased usage of its Yuanbao AI chatbot [4] Bilibili Earnings - Bilibili reported Q3 adjusted earnings per share of 25 cents, a 212% increase from the previous year, with revenue rising 7% to $1.08 billion [5] - Gaming revenue fell by 17% year-over-year, while revenue from premium memberships and value-added services increased by 7% to $424.6 million [5] - Daily average users grew by 9% to 117 million, and monthly paying users increased by 17% to 35 million, reflecting strong user engagement [6] JD.com Earnings - JD.com reported earnings of 53 cents per share, a 56% decline from the previous year, while revenue rose by 16.9% to $42.019 billion [7] - The CFO indicated that the decline in bottom-line performance is primarily due to investments in new business areas [7] Stock Performance - Tencent's stock rose over 2% to 85.90, indicating potential early entry opportunities as it moved past the 50-day moving average [8] - Bilibili's stock slid more than 5% to 25.72, having previously broken out of a consolidation phase [8] - JD.com edged up 1.2% but remains 33% below its 52-week high [9]