The Alibaba options incident refers to a series of arrangements in 2018 in which Alibaba's senior management issued options in violation of regulations, manipulated employee stock repurchases, and reduced holdings in disguise, which led to employees' loss of investment psychology and a drop in stock prices, attracting widespread attention from the industry.

The incident caused Alibaba's stock to plummet in a short period of time, and even had a certain degree of impact on the company's image and reputation. Subsequently, Alibaba successively made public statements and apologies, and expressed condolences to the employees and shareholders.

The incident was eventually resolved through the acquisition of Alibaba's listed company shares, but the incident also raised some concerns and doubts about corporate ethics, management and governance issues.