Accenture to sell China business for up to $1.5b

Global IT and digital consulting firm Accenture is considering selling its business operations in China for up to $1.5 billion, Reuters reported, citing a Financial Times report.

The company has moved towards a potential sale after receiving unexpected interest from clients and investors seeking to acquire the regional business over the past year.

Accenture has hired JPMorgan to conduct a strategic review of its China operations, according to the report.

The sale process is expected to attract private equity groups and a limited number of strategic buyers. Even if a deal is completed, Accenture may retain a significant minority stake in the business.

Accenture’s Greater China operations cover mainland China, Hong Kong and Taiwan.

The potential divestment comes amid global economic uncertainty and corporate restructuring across the technology consulting sector.

Despite these challenges, Accenture recently forecast annual revenue growth of 3 per cent to 6 per cent for fiscal 2027, slightly above analysts’ expectations.

Accenture and JPMorgan have not officially commented on the reported sale plan.