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Alibaba (BABA) stock traded lower for its sixth straight session on Friday as shares of the Chinese mega-cap gave up more than 8% to momentarily trade below $159 for the first time since September 16. US President Donald Trump sent the market off the cliff on Friday morning by threatening a renewed trade war with the globe’s second-biggest economy. His voluminous social media post below comes in response to China whispering about possible export limits on rare earth metals used in a host of strategic industries. President Donald Trump’s Truth Social post / October 10, 2025 The key section is: “One of the Policies that we are calculating at this moment is a massive increase of Tariffs on Chinese products coming into the United States of America. There are many other countermeasures that are, likewise, under serious consideration.” News that the trade ceasefire that began over the summer between the US and China might be upended sent the NASDAQ down over 2.2%. Tech stocks, specifically, were most affected, and Alibaba is nothing if not a tech stock. Alibaba stock news The downfall in the share price comes after several months of win after win for Alibaba. On Thursday, Alibaba announced its partnership with the NBA’s China unit. The tech giant will be building AI products to entice Chinese fans to follow the sport. Alibaba Chairman Joe Tsai already owns the NBA’s Brooklyn Nets, who are scheduled to play a preseason game against the Phoenix Suns in Macau this weekend. Alibaba will be using its Qwen series of AI LLMs (large language models) in order to build NBA China’s various product suite over the multiyear partnership. The company’s Qwen3-Max LLM had led to much of the share price rally over the past several months, and CEO Eddie Wu told a conference…

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Filed under: News - @ October 10, 2025 9:28 pm