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The relationship between KPMG and Bi Bo
No, this statement is very inaccurate, even wrong.

KPMG is one of the four largest accounting firms in the world. Bi Bo is a management consulting company, and Bi Bo was once a part of KPMG. At that time, according to American law, the independence of accountants decided that management consulting was separated from accounting firms, so consulting firms such as Bi Bo and Accenture came into being.

KPMG is still active in China market, Bi Bo went bankrupt in the financial crisis, and its global assets were sold to new owners such as PricewaterhouseCoopers. Bi Bo China was sold to Perot Systems.