Deloitte China acquires core assets and brings in experienced professionals from Shanghai Advanced Analytic Service Co., Ltd.
Strengthening data analytics and cloud capabilities and contribute to the healthy development of digital economy to support the building of a Digital China
Published date: 18 May 2022
Deloitte China announces today that it has completed the acquisition of core assets of Shanghai Advanced Analytic Service Co., Ltd. ("AAS"). The acquisition will strengthen Deloitte China Consulting’s Data Analytics and Cloud capabilities, enhance end-to-end digital solutions for clients, and develop capabilities to foster digital products & services for the firm together with its digital ecosystem alliances. After the acquisition, more than 600 experienced data analytics and cloud professionals will join Deloitte China Consulting team. With the addition of AAS’s core assets, Deloitte China will be further enhanced in terms of scale, talent, clients, and products & solutions for a better future.
AAS is a renowned company in the fields of data analytics, cloud services, and AI, with focuses on serving clients in Life Sciences, Consumer Products & Retail, and Automotive sectors. As a leading player in the Chinese market, AAS is also acclaimed for its strong cloud-based implementation and AI solution offerings, covering enterprise data platform, Business Intelligence (BI) application, and advanced analysis solutions.
Patrick Tsang, Deloitte China CEO comments that "the acquisition of AAS’s core assets together with bringing in its talents is one of our key moves as we eye on the opportunities of digital transformation. It is the largest acquisition for Deloitte China in recent years, showing our full confidence in and expectations for the China market. I believe that, with AAS’s strong expertise in digital, data and cloud services, Deloitte China will be able to provide higher quality digital solutions for clients, and contribute to the healthy development of digital economy to support the building of a Digital China.”
Stanley Dai, Deloitte Consulting China National Managing Partner, points out that "with a leading edge in the Chinese consulting market, Deloitte China aspires to be one of the advisors-of-choice for Global and Chinese companies in driving digital transformation through providing outstanding support for businesses and institutions as they navigate the evolution of technology. Building on this aspiration, Deloitte is fully committed to the digital era and its growth opportunities. With a deep understanding of the challenges faced by our clients, we intend on helping them achieve meaningful transformation and business growth. Through this acquisition, we will accelerate our cloud and data analytics talent pool to provide enhanced, end-to-end services for clients in China and across the world to stay at the vanguard of their markets."
Deloitte is the world's leading professional services organization with a global network of member firms. Deloitte China is a local professional services organization owned by Deloitte China partners, operating in the five key business areas of Consulting, Audit and Assurance, Financial Advisory, Risk Advisory, and Tax and Business Advisory. Deloitte China's Consulting practice is developing rapidly, with the number of practitioners more than doubling from 2,000 in 2018 to over 5,500 in 2022, and is now one of the largest Consulting practices in China. It is committed to delivering world-leading services for clients, building ecosystems & alliances to enhance Deloitte China’s market presence and service delivery capabilities. Deloitte partners with leading-edge technology firms to drive digital transformation across industries, businesses, and the economy. The addition of AAS’s core assets and experienced professionals will expand Deloitte China’s data teams, including data specialists and analytics and cloud specialists to help our clients achieve strategic transformation across Artificial Intelligence (AI) and Environmental, Social, and Governance (ESG), to deliver meaningful impact for society.
"Through this transaction between AAS and Deloitte China, Deloitte China will deepen its experience in cloud and data analytics, and continue to provide high quality services to its clients. We will gain additional support in cloud implementation and AI solution services, and be better resourced in the strategic growth direction for our clients," says Michael Zhang, Co-founder of AAS.
"AAS has a pool of more than 600 experienced Cloud and Analytics professionals who will join Deloitte China Consulting’s Digital practice after the acquisition," adds Pascal Hua, Deloitte Consulting China Digital Managing Partner. "By leveraging AAS’s extensive experience and outstanding talents in data analytics and cloud service delivery, we will accelerate our competitiveness in end-to-end digital transformation and related services by strengthening trust with local and global clients and alliances, and deliver greater commercial value. This acquisition will also bring significant enhancements to our implementation and operation capabilities and our digital products and services in the ecosystem."
As one of the leading players in the Chinese consulting market, Deloitte China Consulting provides comprehensive professional advisory services to clients, including Digital Strategy, Digital Marketing, e-Commerce, Customer Relationship Management, Data Analytics, Cloud Services, and Digital Supply Chains.