About Joox Music
Joox Music is a company based in Shenzhen (China) founded in 2014 by Ma Huateng and Xu Chenye. Joox Music has raised $5.3 million across 4 funding rounds from investors including Fuel Venture Capital, Miami Innovation Fund and Chris Murray. Joox Music offers products and services including Music Player App, JOOX Karaoke, JOOX Rooms, and Trending Videos. Joox Music operates in a competitive market with competitors including Netease Music, KuGou, Kuke, A8 Digital Music and Duomi Music, among others.
- Headquarter Shenzhen, China
- Founders Ma Huateng, Xu Chenye
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Sectors
Media & Entertainment
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$5.3 M (USD)
in 4 rounds
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Latest Funding Round
$2.3 M (USD), Seed
Jun 01, 2018
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Investors
Fuel Venture Capital
& 4 more
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Employee Count
Not available
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Products & Services of Joox Music
Joox Music offers a comprehensive portfolio of products and services, including Music Player App, JOOX Karaoke, JOOX Rooms, and Trending Videos.
App for streaming over 40 million songs and creating playlists.
Feature allowing users to sing and duet with songs anytime.
Live audio and video group chats for music discussions.
Platform for exploring popular short videos and entertainment.
Funding Insights of Joox Music
Joox Music has successfully raised a total of $5.3M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2.3 million completed in June 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Joox Music
Joox Music has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Fuel Venture Capital, Miami Innovation Fund and Chris Murray.
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Chris Murray |
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Investor details for Joox Music
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Joox Music
Investment portfolio details for Joox Music
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Financial Statements - Joox Music
Detailed financials for Joox Music
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Joox Music Comparisons
Peer comparison for Joox Music
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Competitors of Joox Music
Joox Music operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Netease Music, KuGou, Kuke, A8 Digital Music and Duomi Music, among others.
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Music is streamed and downloaded through an online platform.
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Music is streamed and downloaded by users via KuGou platform.
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Online streaming of non-pop music genres is offered by Kuke.
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China-based music distribution platform
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A music streaming platform focused on Chinese music.
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Detailed competitors of Joox Music
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Latest news on Joox Music
Complete news archive for Joox Music
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Frequently Asked Questions about Joox Music
Joox Music was founded in 2014.
Joox Music is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
Ma Huateng is the current CEO of Joox Music. They have also founded this company.
Joox Music is a funded company, having raised a total of $5.3M across 4 funding rounds to date.
Joox Music is a China-based, On-demand online music streaming application. The app is free to download, however, they also have a subscription-based, Joox VIP feature which is ad-free and lets users download songs. The app also allows its customers to share their favorite songs through Wechat. They also provide services like recommended playlists and karaoke. As of November 2017, the app is only available on Android with over 50 million downloads. The service is currently available in countries like China, Hong Kong, Thailand, Malaysia, Indonesia and South Arica and plans to launch in India soon. The App contains songs from Chinese, K-Pop and Western Music amongst many others. In Asia, its main competitor is Spotify.
Joox Music's top competitors include Netease Music, Kuke and A8 Digital Music.
Joox Music offers Music Player App, JOOX Karaoke, JOOX Rooms, and Trending Videos.
Joox Music has 5 investors. Key investors include Fuel Venture Capital, Miami Innovation Fund, Chris Murray, Armando Perez, and Rick Rourk.