Hot Chinese ADRs mixed in Thursday trading. NetEase rose 8%; Zeekr fell 20%; Bilibili fell 13%; XPeng fell 6%; JD.com fell 4%; PDD fell 3%; NIO, Alibaba fell 2%.

NetEase 's third-quarter net revenue was reported at 26.2 billion yuan, representing a 3.9% decrease compared to the previous year, and slightly below the estimated 26.59 billion yuan.

NetEase's net profit attributable to shareholders under non-GAAP standards was 7.5 billion yuan. The revenue from games and related value-added services rose to 20.9 billion yuan, marking a 4% sequential growth. Specifically, game revenue alone was 20.2 billion yuan, up 5% quarter-over-quarter. Additionally, PC game revenue experienced a significant year-over-year increase of 29% and a quarter-over-quarter rise of 30%.

Bilibili Inc. reported better-than-expected earnings and revenue for the third quarter of fiscal 2024.

The company posted Q3 earnings per share (EPS) of RMB0.57, beating the analyst forecast of RMB0.54. Revenue for the period came in at RMB7.31 billion, also above the consensus estimate of RMB7.14 billion.

Revenue from mobile games rose to RMB1.82 billion, marking an 84% year-over-year increase, while advertising revenue rose to RMB2.09 billion, up 28% from the previous year.

Despite the beat, Bilibili US-listed shares slipped in Thursday trading Thursday.

Chinese e-commerce group JD.com missed market estimates for quarterly revenue on Thursday, as a persistent slowdown in the world's second-largest economy pressured consumers to keep a tight hold on their purse strings.

JD.com said total revenue rose 5.1% to 260.4 billion yuan ($35.95 billion) in the third quarter, compared with estimates of 261.45 billion yuan, according to LSEG data.

China's Geely said on Thursday its premium electric vehicle maker ZEEKR plans to take control of Lynk & Co, a sister brand - the first big restructuring move in a planned overhaul for the sprawling automotive group.

Geely said it wants Zeekr and Lynk to form a new energy vehicle manufacturing group with combined annual sales of more than a million units. That compares with about 339,000 vehicles for the two brands in 2023.