Chinese enterprises to speed up digital efforts

Chinese enterprises are accelerating efforts to digitalize their businesses and venture into previously unexplored fields to unlock new growth opportunities, a report by global consultancy Accenture said.

The new report said more than two-thirds of the surveyed businesses regard innovations driven by technology as their top priorities in the next two years, with the hope of increasing investment to strengthen their core businesses. Some 54 percent said they are exploring new business growth points.

Nine percent of the interviewed companies have become what Accenture calls "Rotation Champions", generating more than half of their revenue from new areas of business in the past three years, up from 7 percent of companies in that category in the previous year.