Wow, Alibaba (HKE 9988) plunge below HKD$150 per share in the region of HKD$140 per share recently. Is this an after effect of Evergrande?  This is a disaster indeed for my "growth stock" investing venture so far. I am still staring into the red despite joining the buying spree only lately but I still plan to continue buying little bit more. Is this catching a falling knife? I still think that the fundamentals of Baba is excellent based on its financial statements and annual growth rate demonstrated. Also, I think that the Communist party will neither be bent on destroying Baba nor nationalizing it out of a sudden. I reckon that the current pressure exerted on Baba has to do with infighting among 2 major factions in the Communist party (Alibaba seems to be linked closely to one of the faction).

Alibaba has also invested in a number of technological businesses. The most recent one is