China holds a nearly one-fifth stake in Daimler

Chinese investors own a larger portion of Daimler shares than previously known. Daimler’s Chinese partner company BAIC has now disclosed the exact size of its stake in the Stuttgart-based automaker, some two years after its acquisition. As it was revealed on Monday during the wake of the IPO of Daimler’s truck division, BAIC owns a voting stake of 9.98 percent. Previously, there had been talk of a stake of about five percent. Since Geely founder Li Shufu also holds a stake of a good nine percent, just under 20 percent of the premium manufacturer is in Chinese hands.