Geely cuts its Daimler stake by more than half: Bloomberg
(Reuters) - Chinese billionaire Li Shufu's Geely Group cut its 9.7 percent stake in carmaker Daimler AG <DAIGn.DE> by more than half, Bloomberg reported on Friday, citing people familiar with the matter.
Li had taken a 9.69 percent stake in Daimler in 2018.
Daimler declined to comment on the report.
(Reporting by Ishita Chigilli Palli in Bengaluru; Editing by Shounak Dasgupta)
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