Recently identified Early Jurassic, Early Cretaceous, and Late Cretaceous granites of the Tengchong terrane, SW China, help to refine our understanding of the Mesozoic tectonic-magmatic evolutionary history of the region. We present new zircon U–Pb geochronological, Lu–Hf isotopic and geochemical data on these rocks. The zircon LA-ICP-MS U–Pb ages of the Mangzhangxiang, Laochangpo, and Guyong granites, and Guyong granodioritic microgranular enclaves are 185.6, 120.7, 72.9, and 72.7 Ma, respectively. Geochemical and Hf isotopic characteristics suggest the Mangzhangxiang and Laochangpo S-type granites were derived from partial melting of felsic crust and that the Guyong I-type granite and associated MMEs were generated through magma mixing/mingling. Mesozoic magmatism in the Tengchong terrane can be divided into three episodes: (1) the Triassic syn- and post-collisional magmatic event was related to the closure of the Palaeo-Tethyan Ocean, as represented by the Changning-Menglian suture zone; (2) the Jurassic to Early Cretaceous magmatism was related to the subduction of the Meso-Tethyan oceanic crust, as represented by the Myitkyina ophiolite belt; and (3) the Late Cretaceous magmatism was related to the subduction of the Neo-Tethyan oceanic crust, as represented by the Kalaymyo ophiolite belt.