The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke

(Reuters) - Chinese billionaire Li Shufu's Geely Group cut its 9.7 percent stake in carmaker Daimler AG DAIGn.DE by more than half, Bloomberg reported on Friday, citing people familiar with the matter.

Li had taken a 9.69 percent stake in Daimler in 2018.

Daimler declined to comment on the report.