Geely's $9 billion stake makes it Daimler AG's largest shareholder

Geely’s $9 billion stake makes it Daimler AG’s largest shareholder

Li Shufu’s move marks the largest Chinese investment in the automotive realm, as well as Geely’s first partnership with a foreign automaker. Self-made billionaire Li Shufu has amassed a 9.69% stake in Daimler AG through his company Zhejiang Geely Holding Group Co., making it the the German automaker’s top shareholder. The Hong-Kong listed company enjoyed…

We are a Contemporary. Luxury. Lifestyle digital publication proudly founded and based in Kuala Lumpur. We strive to deliver the latest news and trends in to our readers in the most interactive and engaging way with riveting photos and video assets, all produced by an in-house production and art team.