Jessica Goodfellow
Jun 11, 2020

Tencent's music streaming platform Joox selects SpotX as SSP

TECH BITES: Asian music streaming platform, which already counts Coca-Cola, P&G and Unilever as ad clients, wants to scale its programmatic offering.

Tencent's music streaming platform Joox selects SpotX as SSP

Joox, the music streaming platform owned by China's Tencent, has chosen SpotX as its primary supply-side platform (SSP) as it looks to grow its programmatic advertising business.

Tencent VP of International Business Group Poshu Yeung said the partnership with SpotX will allow the platform to "accelerate and scale our programmatic video strategy as we increasingly engage agencies and advertisers looking to target a hard-to-reach audience in a premium brand safe environment at scale.” 

Launched in 2015, Joox is now the largest digital streaming music platform in several Asian markets including Hong Kong, Malaysia, Indonesia, Thailand and Myanmar. Nearly two-thirds (62%) of its user base are aged between 25-43.

Like its rival Spotify, Joox operates a freemium model, offering users either free ad-supported listening or a premium subscription.

Along with its catalogue of 30 million songs, Joox also offers social entertainment features such as 'Joox Karaoke', which has recorded a 50% spike in usage over the COVID-19 pandemic.

Global advertisers including Coca-Cola, P&G, Unilever, and leading regional brands such as e-commerce platform Shopee and Southeast Asian super app Grab are among Joox's existing advertising clients.

SpotX Asia managing director Gavin Buxton said: “As content consumption continues to be dominated by smartphones, certainly in Asia, freemium streaming music platforms with scale like Joox stand to gain more and more marketing budgets as brands strive to find new ways to reach younger audiences."

"We’re certainly excited to have SpotX support Joox on their programmatic monetisation journey," he added.

This article is filed under...
Tech Bites: Brief adtech and martech news items

Have a tech or media tidbit that could be included in this column? Email us at: [email protected]

 

Source:
Campaign Asia

Related Articles

Just Published

1 day ago

Creative Minds: Kartik Smetacek loves the simplicity...

Meet the chief creative officer at L&K Saatchi & Saatchi who can rattle off classic Timberland ad lines from memory.

1 day ago

APAC lags as Saatchi & Saatchi leads global new ...

Asia Pacific's new business market remains subdued in 2024, with pitch volumes down by a third, according to R3.

2 days ago

Amazon's ad business soars, reaching US$56 billion ...

Amazon's advertising business outpaced the company's overall growth in 2024, fuelled in part by the company's expansion into streaming advertising.

2 days ago

Meta doubles down on AI tools to boost ad performance

The platform’s new tools aim to offer guidance on AI optimisation, automation, and advertising best practices.