Shares of Alibaba Group Holding (BABA) are trading -9% lower at a price of $91.13 at the time of this writing as Chinese techs beat a path into the red. Tencent Holdings and Bilibili also hit the skids early Friday.

Alibaba Group Holding has been trading between a 52-week high of $203.28 and a 52-week low of $73.28. The stock has a market cap of $247 Billion.

Alibaba Group's mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a good company that lasts for 102 years.

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As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

silas_p_silas - 7 upvotes - source
Something I’ve learned recently and a free tip for my fellow degenerates on here: If the IV on an earnings play isn’t palatable for you, make the same move on a sympathy player for a quarter of the IV. The swing might not be as extreme, but you’ll still make more than the people getting IV crushed Example: AMZN -> (TGT, WMT, BABA)

plzplzplztendies - 6 upvotes - source
good thing I bought baba puts eod. USA numba 1

theXJlife - 5 upvotes - source
Spent all my last hour pouring through potential earnings plays and didnt notice my Baba puts lose 75% and I could of 10x the position for relative peanuts.

Not99Percent - 4 upvotes - source
META and BABA looks too appealing at these levels

Premier_Legacy - 4 upvotes - source
Member when Munger bought like tens of billions of Baba in the 200-300s lol

SmackEh - 3 upvotes - source
I was looking at BABA for a sympathy play (AMZN). I'm going to pass on that one dawg.

cult_smasher_9000 - 3 upvotes - source
>Hang Seng Index $HSI drops 2%, Tech Index tumbles 3.8%, $BABA -5.9%. https://twitter.com/Sino_Market/status/1552857871288741889

VisualMod - 3 upvotes - source
>FANG+ Constituents: \>$AAPL 157.29 +0.32% $AMZN 122.19 +1.01% $BABA 100.03 -2.69% $BIDU 141.1 +0.06% $META 159.36 -6.04% $GOOG 114.44 +0.74% $NFLX 225.67 -0.49% $NVDA 180.59 +1.51% $TSLA 844.12 +2.36% $MSFT 277.42 +3.23% \>$TWTR 40.49 +1.59% ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-07-28 ^15:21:00 ^EDT-0400

Ed_Chambers_650 - 3 upvotes - source
Baba!!

PoorSingleMan - 2 upvotes - source
I got some nice gains off $BABA and $SPY calls but $AMD shook me out of my calls though.