The Global Precipitation Measurement (GPM) mission has generated global precipitation products of improved accuracy and coverage that are promising for advanced hydrological and meteorological studies. This study evaluates three Integrated Multi-satellitE Retrievals for GPM (IMERG) Hourly products, including the Early-, Late-, and Final-run products (IMERG-HE, IMERG-HL, and IMERG-HF, respectively), over Sichuan Basin of China. This highly complex terrain of the steep mountainous region offers further scrutiny on the quality and applicability of the data. The China Meteorological Precipitation Analysis (CMPA) data from January 2016 to December 2018 are used as the reference for the evaluation. Results show that: (1) At grid scale, IMERG-HL and IMERG-HF outperform IMERG-HE in terms of correlation coefficient (CC) and root-mean-square error (RMSE), but IMERG-HL has smaller relative bias (RB) than that of the IMERG-HF (by 21.16%). IMERG-HF presents the highest probability of detection (POD = 0.52) and critical success index (CSI = 0.32), except for high false alarm ratio (FAR) for light precipitation. (2) At regional scale, IMERG-HF outperforms IMERG-HE and IMERG-HL in annual evaluation in all the metrics except for the serious overestimation as shown in RB (20.18%, 3.84%, and 4.97%, respectively). Its accumulative precipitation deviation mainly comes from moderate precipitation events (1–10 mm/h), while better detection capability is seen in light precipitation (<1 mm/h). Seasonally, IMERG-HF performs the best in winter, while IMERG-HL performs the best in the other seasons. (3) IMERG-HF captures the peak precipitation more accurately in all seasons. In reproducing the diurnal cycle, IMERG-HF performs better in winter, while IMERG-HL performs better in summer and autumn, and IMERG-HE in spring. However, all three products overestimate the early morning precipitation (01:00–08:00 local standard time) of the diurnal cycle in spring, summer, and autumn.