Late Mesozoic granites are present throughout the Jiaodong Peninsula in eastern China, but the petrogenesis of these granites, the magma sources, and the geodynamic setting of the magmatism remain unclear. This paper presents new zircon U–Pb geochronological and Lu–Hf isotopic and whole‐rock geochemical data for the Late Jurassic Queshan pluton in the Shandong Peninsula, an area that represents the boundary between the Jiaobei and Sulu ultrahigh‐pressure (UHP) terranes. Laser ablation–inductively coupled plasma–mass spectrometry zircon U–Pb dating yields Late Jurassic ages from 158 ± 1 to 153 ± 1 Ma for the pluton in addition to a small number of inherited zircons that yield ages that cluster at 2410, 1831–1776, 750, and 209–202 Ma. Zircons from different samples have similar 176Hf/177Hf values (0.281926–0.282255) and variably negative εHf (t) values that range from −26.5 to −15.1 (weighted mean of −22.9 ± 0.9). The corresponding two‐stage Hf model ages range from 2,869 to 2,154 Ma, with a weighted mean value of 2,645 ± 54 Ma. These data indicate that the magmas that formed the Queshan pluton were derived from multiple sources, including the lower crust of the North China (NCC) and Yangtze (YC) cratons, as well as collision‐related alkaline rocks. The whole‐rock geochemical compositions of the samples indicate that the granites are weakly peraluminous, are high‐K and calc‐alkaline with I‐type affinities, and have high contents of Sr, low contents of Y and Yb, high (La/Yb)N and Sr/Y values, and positive Eu anomalies (δEu = 1.20–1.65), indicating an adakitic affinity. This indicates that the Queshan granites formed from magmas generated by partial melting of a thickened region of the crust (>50 km) associated with eclogite, garnet amphibolite, or amphibolite residual material. The genesis of the Late Jurassic granites are also likely to have been influenced by the collisional orogeny between the NCC and YC and continued subduction of the Izanagi Plate. Thickening of the lower crust associated with this continental collisional event occurred before the magmatism, with further compression and thickening of the lower crust caused by the low‐angle subduction of the Izanagi Plate beneath northeastern China being the main geodynamic driver of the formation of the granites in this region.