Daimler buys HK$6.8b stake in BAIC Motor

Daimler secured a stake in its partner BAIC Motor before a planned stock offering by the Chinese carmaker, in an effort to catch up with larger German rivals in what could become the biggest market for luxury cars in the world.

via Business feed http://www.scmp.com/business/china-business/article/1141476/daimler-buys-hk68b-stake-baic-motor