Over the past decades, rainfall amount and frequency changed considerably on the Tibetan Plateau. However, how altered rainfall pattern affects vegetation growth and phenology in Tibetan alpine grasslands is poorly understood. In this study, we investigated the long-term effects of rainfall amount and frequency on production (i.e., aboveground biomass, AGB) and phenology of three perennial plants in a Tibetan alpine meadow from 1994 to 2005. Growth period (i.e., the dates from greening to senescence) was referred to plant phenology here. Our results showed that annual precipitation and total rainfall from large events (a parts per thousand yen 5 mm per day) were mainly distributed in the growing season, which increased significantly from 1994 to 2005 with more increment in May and July (p < 0.05). Total AGB and growth periods of three plants were linearly correlated with annual precipitation and total rainfall from large events, but have insignificant correlations with total rainfall from small events (< 5 mm per day) and rainfall frequency (including small, large, and all events). The results suggest that aboveground plant production and phenology are more sensitive to changes in large rainfall events (a parts per thousand yen 5 mm per day) than small events (< 5 mm per day) in the alpine meadow ecosystems.