Deloitte to invest for expansion

Deloitte yesterday said it will invest US$200 million in China to develop talent, upgrade technology and support the Belt and Road initiative.

The investment aims to enhance the firm’s talent and capabilities in professional services, support the digital transformation of Chinese enterprises, and promote innovative changes within the firm and across Chinese companies, Deloitte said in a statement as it celebrates its first centenary in China.

The investment includes a US$40 million fund specifically set up to help Chinese companies participate in and tap the benefits of the Belt and Road globally.

Deloitte said it will expand a global professional network to help Chinese companies handle strategic, political, economic, legal, fundraising and talent development issues as they grow.

“The strategic investment will help the China firm build an even stronger and more innovative multidisciplinary business model,” said Punit Renjen, CEO of Deloitte Global.