The stock of Lizhi Inc. (LIZI) rose 6.41% to $4.98 in premarket trading hours on Wednesday. The last trading session ended with LIZI stock down -2.30% at $4.68. On the day, the LIZI stock traded between $4.58 and $4.84. LIZI stock traded 0.28 million shares, which is below its 100-day average of 3.5 million shares. The LIZI shares have risen 1.52% over the last five days and lost -31.15 in the past month. A collaboration agreement has led to a rise in LIZI stock.
What deal has LIZI Stock made?
Lizhi has created an audio ecosystem with a worldwide presence that includes social networks based on audio, podcast content portfolios, and audio communities. Through its portfolio of products, LIZI aims to increase people’s mutual understanding. TIYA, LIZI’s audio-based social networking application, enables users to connect with friends, entertain themselves, chat online, and share their day-to-day lives through voices.
This feature caters to users’ growing interest in real-time social interactions. Since launching its flagship platform LIZI App in 2013, LIZI has built a vibrant and growing UGC audio community and an international audio entertainment platform that promotes the sharing, discovery, and enjoyment of audio, while delivering intense, diversified entertainment experiences.
Lizhi and PATEO, a leading Internet of Vehicles (IoV) company in China, have partnered to develop the LIZI audio products to work seamlessly with PATEO’s IoV solutions.
- In this partnership, LIZI and PATEO will be able to collaborate synergistically by combining sophisticated technologies from their respective domains.
- Using PATEO’s expertise in IoV and smart cockpits, LIZI will optimize the implementation of in-car audio products in a wide range of application scenarios, providing users with a wider choice of in-car audio entertainment solutions.
- By leveraging LIZI’s extensive and personalized audio content offerings, its AI-powered adaptive recommendation systems, and its DOREME audio technology, the company aims to provide its customers with a world-class in-car audio experience.
- Both LIZI and PATEO plan to explore potential applications and usage scenarios for in-car audio.
- LIZI’s audio products will be applied to more in-car uses by PATEO utilizing its unique software and hardware capabilities and at the same time, LIZI’s audio products will be integrated more seamlessly into automotive systems by PATEO.
- LIZHI’s strategy in proprietary audio solutions and PATEO’s innovative spirit are an excellent match.
What will LIZI gain from this partnership?
Lizhi Inc (LIZI) will be able to integrate audio into a variety of devices and usage scenarios as a result of the partnership. LIZI plans to continue providing a variety of audio experiences to a wider audience by expanding its proprietary technology, collaborating with more leading companies, and improving its proprietary content.
