Geely covets Daimler tech with $9 billion stake, shares surge

HONG KONG/SHANGHAI (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 AG , gaining leverage as he tries to convince the German carmaker to cooperate on technology.

from Reuters: Business News http://ift.tt/2F8Ugkk