China's Geely surges after building $9 billion Daimler stake

HONG KONG (Reuters) - Geely Automobile Holdings Ltd's shares jumped on Monday after its chairman Li Shufu revealed he had built a $9 billion stake in Daimler - giving him major leverage as he attempts to persuade the German carmaker to cooperate on tech.

from Reuters: Business News http://ift.tt/2os9O90