Chinese car maker Zhejiang Geely Holding Group Co. has built up a 9.7% stake in Daimler AG, the parent company of Mercedes-Benz, in a move that seeks to establish a technology alliance between the Chinese and German automakers. Geely has built up the stake in Daimler worth around US$9 billion, in the most audacious deal for the acquisitive Chinese auto company. Geely, now the biggest shareholder of Daimler, already owns Volvo Cars, Volvo Trucks, the maker of London’s black cabs …

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