Deloitte announces US$200 million strategic invest...

"Over the past few decades, we have witnessed China's incredible transformation as an economic power, which has continued to generate Fortune Global 500 companies. China is an important market for Deloitte and we are committed to serving the China marketplace with distinction. The strategic investment will help the China firm build an even stronger and more innovative multidisciplinary business model, which is a source of our competitive strength," said Punit Renjen, Deloitte Global CEO.

This strategic investment program aims to elevate the firm's talent and capabilities in professional services, as well as to support the digital transformation of Chinese enterprises and promote innovative changes within the firm and across Chinese enterprises. This will help enhance our operations and service capabilities. On this front, Deloitte has already undertaken a series of groundbreaking innovation initiatives, such as the establishment of the Deloitte Analytics Institute two years ago, which helps service lines apply data science to tackle our clients' most complex business challenges. The Deloitte Greenhouse was also established this year to help clients come up with innovative business solutions in an immersive ecosystem and environment. Earlier this month, Deloitte established its Asia Pacific Blockchain Lab in Hong Kong, which helps implement and deploy Distributed Ledger Technology for corporate clients across the region.

The program also includes US 40 million specifically for the purpose of helping Chinese companies participate in and capture the benefits of the Belt & Road Initiative on a global scale. Deloitte will leverage its vast global network, cutting-edge thought leadership, and comprehensive suite of services to support Chinese companies in becoming prestigious multinational enterprises.