Li Shufu

Global Economy

Briefs: Temasek to invest in new fund under Bill Gates-backed Breakthrough Energy Ventures; gold hits three-week low

Quoteworthy: "I think it is a shambles and a disgrace." — Senior British MP Charles Walker

China Focus

China's Geely takes over Alibaba-backed smartphone maker

Geely unit Hubei Xingji Shidai Technology Co. bought a 79% interest in Meizu from Meizu’s founder and a unit of Alibaba Group.

In print this week

The rise of Geely and where it stands in the future of cars

SINGAPORE (June 4): On Feb 23, Daimler announced in a filing that Zhejiang Geely Holding Group had acquired a 9.7% stake in Daimler for €7.3 billion ($11.4 billion). With this stake, Geely becomes the single-largest shareholder of Daimler, whose most fa
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