Tech Five: China to roll out its version of Netflix

China is creating its own version of Netflix. Chinese e-commerce giant, Alibaba Group (BABA), will roll out this new online streaming service within the next two months — targeting more than 600 million families through Chinese-created content, as well as in-house productions and content from other countries.

Let's take a look at the stocks to watch today:

Alibaba (BABA)

The Chinese e-commerce giant announced its plans to build an online streaming service, which will emulate Netflix and HBO. Entering a competitive online video market in China, Tmall Box Office (TBO), will only offer about 10 percent of its content for free, according to Reuters.

Microsoft (MSFT)

At the Electronic Entertainment Expo today, Microsoft is expected to share the latest on its augmented reality device, HoloLens. The company will also potentially release more details on its partnership with Oculus at its Xbox media briefing.

United Technologies (UTX)

In an interest of focusing on high-technology systems and services, United Technologies said it will depart from the helicopter business. The company said it will separate from its Sikorsky Aircraft business, and it will decide whether Sikorsky will be spun off or sold by the end of the third quarter. As of morning trading, the company's stocks were down by about 3%.

Twitter (TWTR)

Twitter is having a tough time finding a new CEO. Former CEO Dick Costolo stepped down Thursday after the social media company faced pressure from shareholders to replace him. Investors are wary if Twitter can produce a meaningful return on investment, RBC Capital Markets said in a note.

Comcast (CMCSA)

Comcast's Universal Pictures unit took in a reported $206.4 million in North American ticket sales over the weekend for Jurassic World — marking the second biggest opening since 2012's The Avengers, which raked in $207.4 million.