Accenture weighs up to $1.5bn sale of Greater China business, hires JPMorgan for review

Accenture is exploring a potential sale of its Greater China business, operations that could be valued at up to $1.5 billion, the Financial Times reported on Sunday, as the consulting giant weighs its future in one of its most complex markets.

The company has hired JPMorgan to advise on a strategic review of the unit after receiving unsolicited approaches from interested parties over the past year, according to the report, syndicated by Reuters. Greater China covers mainland China, Hong Kong and Taiwan.

The process is likely to draw interest from private equity groups and a small cluster of strategic buyers, and Accenture may retain a significant minority stake, the report said. There is no certainty the review will lead to a transaction; Reuters said it could not immediately verify the report, and neither Accenture nor JPMorgan responded to requests for comment.

The review comes amid a sharper strategic focus for consultancies as the industry debates whether artificial intelligence will benefit or disrupt their business models, alongside tighter data-security and cross-border regulatory constraints in China. McKinsey has previously scaled back its China operations under similar pressures.

Accenture reported revenue of $74.2 billion for the financial year ended August, with its broader Asia-Pacific business generating about $10 billion last year. It has forecast revenue growth of 3 to 6 per cent for fiscal 2027.