Alibaba eyes China-Hollywood deals after Green Book's Oscar win

Alibaba eyes China-Hollywood deals after Green Book's Oscar win

Mahershala Ali accepts the Best Supporting Actor award for his role in "Green Book." REUTERS/Mike Blake

After becoming the first Chinese internet company to back a best picture Oscar winner, Alibaba Group Holding Ltd. is eyeing more Hollywood movies. The company also expects that more U.S. goods and services will be imported into China, and that the U.S. trade deficit with China will narrow.

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