Expansion pays off for global consultancy

Domestic companies now account for nearly half of Oliver Wyman's customer portfolio in China

Four years ago, US-based global management consulting company Oliver Wyman launched an aggressive expansion into the Chinese market, including the manufacturing, aviation and energy sectors, with a particular focus on retail and consumer goods. The move has proved successful, as retail has become one of its biggest businesses in China.

Before the business expansion, Oliver Wyman's China business had a narrow focus including financial services and auto manufacturing.