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…

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