world
Ascentium Acquires Dezan Shira & Associates in Latest Expansion Move
Asia-based business services platform Ascentium, backed by Hillhouse Investment, is acquiring 33-year-old advisory firm Dezan Shira & Associates. The deal enhances Ascentium's presence in mainland China and Southeast Asia amid rising Chinese outward investment. It marks Ascentium's most recent in over a dozen acquisitions.
FO
Substrate placeholder — needs reviewAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Ascentium is acquiring Dezan Shira & Associates, a 33-year-old advisory firm best known for its Asia Briefing intelligence platform, @FortuneMagazine reported. The acquisition is Ascentium’s most recent in more than a dozen acquisitions, adding new offices in mainland Chinese cities Guangzhou and Tianjin. 0% last year and manufacturing expanded by almost 10%.
Vietnam’s stock market is set for a FTSE upgrade to emerging market status later this year. Ascentium is an Asia-based business services platform backed by Hillhouse Investment. ' Chinese outward investment reached $174 billion last year, an increase of 7%.
A 2025 report from McKinsey notes that China is now a net investor overseas. 4% last year, while exports to Vietnam surged more than 22%. U.S. plunged 20% last year. ' Lennard Yong founded Ascentium in 2024 with cofounder Wendy Wang.
Yong is a chartered accountant who previously spent five years as group CEO of Tricor. Ascentium provides finance and accounting, payroll, HR, and cross-border services across 46 cities in 27 markets. Ascentium’s footprint includes acquisitions of InCorp Global and Links International.
Dezan Shira & Associates was founded in Hong Kong in 1992 and spans 27 offices across the region. ' The Dezan Shira brand will be folded into Ascentium eventually. ' Fortune Workplace Innovation Summit is scheduled for May 19–20, 2026, in Atlanta.
