Accenture is exploring a sale of its Greater China business, which could be valued at as much as $1.5 billion. The unit operates in mainland China, Hong Kong, and Taiwan. Accenture hired JPMorgan to conduct a strategic review after receiving unsolicited interest in the business over the past year.
The potential sale would support Accenture’s focus on high-growth areas such as artificial intelligence. Western professional services firms also face growing challenges in China, including tighter data security regulations. A sale is not guaranteed. Potential buyers could include private equity firms, and Accenture may retain a minority stake.