sherry: rami rahim the ceo of jennifer.oming up, pro-democracy advocates back on the streets protesting in hong kong. we will speak to one lawmaker who says that these reforms from beijing are a step forward. ♪ ♪ sherry: alibaba is creating china's version of netflix and hbo. they have announced services that try to target 600 million families craving more entertainment content. that is a lot of families and possibly big revenue for alibaba. we are taking a look at this. >> we know that they dominate the online shopping business and now going into streaming. this is called cbo -- tbo. there is a smart tv that carries this innovation. some of their shows, bought overseas. we do not know how much it will be for consumers. this is already crowded by a lot of local players. alibaba may have some advantages because of the user base they have already they might be able to get subscriptions and they have a cousin relationship with the government, so maybe easier to get licenses that they need. netflix we talk about being the pione