Geely Auto shares surge on news of chairman's stake in Daimler

HONG KONG (Reuters) - Geely Automobile Holdings Ltd shares jumped as much as 8.8 percent after its chairman Li Shufu said he had built up a near 10 percent stake in Germany's Daimler - a $9 billion bet that he can access the Mercedes-Benz owner's technology.

from Reuters: Business News http://ift.tt/2BPM6Lq