Chinese e-commerce giant Alibaba Group Holding Ltd. has agreed to buy a controlling stake in Southeast Asian online retailer Lazada for approximately US$1 billion to accelerate expansion into the region. Alibaba will buy around US$500 million newly issued shares of Lazada and acquire shares from existing shareholders including Germany's Rocket Internet and British supermarket giant […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.