493: How Brands Can Use Podcasts to Reach Asia’s $30 Trillion Middle Class | Asia Tech Podcast

Summary: Spotify has spent $400m on acquiring a winning strategy in podcasting. Their acquisitions include Gimlet Media, Anchor and Parcast. While the industry has analysed this strategic direction in detail, nobody has broken this down for Asia. In Asia Tech Podcast 493, my colleague Prarthana Sibal joins me to look at the podcast opportunity in Asia. We unpack Asia’s $30 trillion middle class and frontrun the demographic trends that could make Asia a huge greenfield market. We discuss why young girls are avid consumers or true crime podcasts, why Asian brands have a substantial storytelling gap that won’t be filled by legacy or ad agencies, and how the podcast market in Asia could be potentially bigger than the rest of the world.