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Li Shufu

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Li Shufu Restructures Geely Empire Amid Financial Challenges and Cost-Cutting Efforts

Chinese billionaire Li Shufu is streamlining his Geely empire after a decade of acquisitions to cut costs. While his strategy aims to enhance synergies and reduce product overlaps, many of his brands are struggling with significant debts and losses, posing challenges in balancing weaker and stronger assets.
Bloomberg.com
GEELY AUTO CHN Li Shufu
Finance & Economy, Market Report
06:00 05.12.2024
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