China's Geely makes $9 billion Daimler bet against tech 'invaders'

BEIJING/FRANKFURT (Reuters) - Chinese carmaker Geely [GEELY.UL] has built up an almost 10 percent stake in Daimler in a $9 billion bet by its chairman that he can access the Mercedes-Benz owner's technology in the growing battle for the future of automotives.

from Reuters: Business News http://ift.tt/2ChH3Er