SHANGHAI/BEIJING (Reuters) - When Daimler announced that Li Shufu had acquired almost 10 percent of the automaker last Friday, it caught financial markets - and German regulators - by surprise.

Geely would streamline ties between operating entities and remove overlap as part of what he described as a “One Geely” strategy, according to Bloomberg.

Chinese billionaire Li Shufu has bought a near 10-percent stake in Mercedes-Benz maker Daimler, making him the German group's largest single shareholder, a stock market filing showed Friday. Li, who ...

SHANGHAI -- Three months after becoming the new owner of the Swedish car brand Volvo, Zhejiang Geely Holding Group Co. President Li Shufu said he disagrees with Volvo's management about its product ...

When Li Shufu's Zheijang Geely Holding Group Co. bought Volvo cars from Ford Motor Co. in 2010, few could have imagined that he would invest $11 billion -- and with such swift success -- to thoroughly ...

China auto industry billionaire Li Shufu, the main owner of Volvo Car Corp. and Geely Automobile Holdings, has brought one of his key financial executives back onto Geely Auto’s board of directors.

SHANGHAI/BEIJING (Reuters) - When Daimler announced that Li Shufu had acquired almost 10 percent of the automaker last Friday, it caught financial markets - and German regulators - by surprise.

Chinese billionaire Li Shufu has bought a near 10-percent stake in Mercedes-Benz maker Daimler, making him the German group’s largest single shareholder, a stock market filing showed Friday. Li, who ...