Editor’s notes: in collaboration with Hong Kong’s Cyberport
As the year of 2024 ends, we sought insights from startups’ founders, leaders and investors in the region. These leaders reflected on their triumphs throughout the year, sharing valuable perspectives on their achievements and the challenges they overcame. Furthermore, they unveiled their ambitious aspirations, meticulously outlined their strategic plans for 2025, and offered insightful predictions on the trajectory of the tech industry in the coming year.
We talked to Ivan Le,
Chief Executive Officer at V Sing Hong Kong Ltd (a Cyberport incubatee) to learn more about the company’s achievements in 2024, its plans and priorities in 2025. He also shared his views on the outlook of the tech ecosystem in Hong Kong for 2025 and how he sees Southeast Asia.
V Sing is a company operating social concert bars and offering sing-to-earn music arena system. The company’s mobile app allows users to choose songs, give rewards, show supports to singers and interact with others.
V Sing was established in 2019 in Malaysia and launched in Singapore in 2022. V Sing entered the greater China market in 2023, first launching two branches in Hong Kong in the first quarter of 2023.
How was V Sing in the year 2024?
2024 was a landmark year for VSING, but to truly appreciate where we are today, let me take you back to where it all began. VSING started as a vision to transform physical spaces into dynamic performance platforms. Founded in 2019, we launched the VSING app with a simple yet powerful idea: to create a social entertainment platform where users could showcase their singing talents, connect with audiences, and turn any venue into a concert stage. Fast forward to 2024, and we’ve achieved 700,000+ live performances across our global platform, a testament to the passion of our community and the scalability of our technology.
This year, we celebrated our footprint expansion, with showplaces now thriving in the international scene, including Malaysia, Hong Kong, Taiwan, Thailand, Vietnam, the Philippines, and the United States. We also forged strategic collaborations with major Hong Kong record labels, amplifying our reach and credibility in the music industry. Beyond numbers, 2024 solidified our mission to bridge physical and digital entertainment, transforming ordinary venues into electrifying stages where talents and audiences co-create unforgettable moments.
None of this would have been possible without the incredible support of Cyberport, Hong Kong’s leading innovation and technology hub. Cyberport has been instrumental in providing us with the resources, mentorship, and ecosystem needed to scale our operations and innovate at pace. Their commitment to nurturing tech startups like ours has been a cornerstone of our success, and we are deeply grateful for their unwavering support.
What are your expectations/aspirations for 2025?
2025 will be the year we accelerate innovation and global dominance. We aim to surpass 100 showplaces worldwide, fuelled by our expanding user base and the launch of groundbreaking features like the AI Voice Enhancer and AI Assistant. These innovations will elevate the user experience, making it easier for anyone to sound their best and enjoy a personalized singing journey. Most importantly, we aspire to work together and empower more local talents, reinforcing our vision of becoming the world’s largest talent partnership ecosystem.
With the continued support of Cyberport, we are confident that we can achieve these ambitious goals. Their ecosystem of tech innovators and industry leaders provides us with the perfect environment to test, refine, and scale our solutions.
What are the plans and focus in the new year?
In 2025, our focus is “Tech, Talent, and Territory.”
Tech: Incorporating AI Technology into our platform to elevate vocal performances and user experiences. Features like the AI Voice Enhancer and AI Assistant will revolutionize how users interact with our platform, making it more intuitive and engaging.
Talent: Scaling our VSING Star Singing Competition in Hong Kong and rolling out talent recruitment programs across Southeast Asia to discover and nurture the next generation of artists. We’re committed to creating opportunities for local talents to shine on a global stage.
Territory: Aggressive expansion into the USA, Japan, Canada, Australia, Dubai, and South Korea. Additionally, we’ll deepen partnerships with venues and labels to transform more spaces into VSING-powered stages. Every step aligns with our mission to bring music-driven entertainment to every corner of the world.
How is the outlook for 2025 for the tech ecosystem in Hong Kong? What’s your view about Southeast Asia?
Hong Kong’s tech ecosystem in 2025 is poised for explosive growth, driven by its fusion of East-West innovation and robust infrastructure. As a hub for fintech and entertainment, it’s the perfect launchpad for VSING’s AI-driven features. Our partnerships with major record labels amplify this momentum, positioning us as a key player in Hong Kong’s vibrant music scene.
In Southeast Asia, the outlook is even brighter. The region’s young, digitally native population and booming nightlife economies align perfectly with our mission. Markets like Malaysia, Thailand, and the Philippines are already embracing VSING as a cultural staple—uniting people through music while creating earning opportunities for local talents. With rising smartphone penetration and a hunger for interactive entertainment, Southeast Asia isn’t just a market; it’s our growth engine.