Li Bingbing parties in Hollywood

Li Bingbing hit the two biggest Oscar bashes, the Elton John AIDS Foundation Oscar viewing party and the Vanity Fair after-party. First was Elton John's shindig. She is carrying the half-million dollar purse like a weapon or a shield:

Joined by purse designer Lana Marks who got a lot of pub based on Li Bingbing carrying that clutch.

After the ceremony it was off to the Vanity Fair party where she seemed comfortable in the spotlight.

Doing the Hollywood version of "grip and grin" with people other than Lana Marks. There was Milla Jovovich possibly talking about their time on the set of "Resident Evil: Retribution" that is in post-production. Their dresses look great together.

Natalie Portman who is showing positive effects of recent pregnancy and childbirth.

Getting cozy with diminutive and combative "Resident Evil: Retribution" co-star Michelle Rodriguez.

And of course BFF Wendi Deng Murdoch.

CRI