LIZHI Debuts ‘Livestream Podcasts’ Backed by In-house RTC Technology; XPeng First to Implement Feature on In-car Systems

Rhea-AI Summary

LIZHI INC. (NASDAQ: LIZI), a leading online audio community in China, has launched its innovative ‘Livestream Podcast’ feature on the LIZHI Podcast app, marking a significant milestone as the first in-car livestream podcast in China. This feature is integrated with XPeng Motors' smart in-car system and utilizes LIZHI’s proprietary real-time communication (RTC) technology under the ‘DOREME’ project. The launch aims to enhance user engagement and transform the interactive audio entertainment landscape within vehicles.

Positive

• Launch of the first in-car Livestream Podcast feature in China, enhancing user engagement.
• Integration with XPeng Motors, expanding reach into the smart vehicle market.
• Utilization of proprietary RTC technology for improved audio experiences.

Negative

• None.

In-car Livestream Podcast from audio-based social media innovator LIZHI is among the first of its kind in China

GUANGZHOU, China, April 06, 2021 (GLOBE NEWSWIRE) -- LIZHI INC. (“LIZHI” or the “Company”) (NASDAQ: LIZI), a leading online UGC audio community and interactive audio entertainment platform in China, is launching its new ‘Livestream Podcast’ feature on the LIZHI Podcast app (LIZHI BOKE in Chinese). The new feature will also be implemented on XPeng Motors' intelligent in-car system and is the first livestream podcast to be available for in-car use.

LIZHI Podcast is among the first platforms in China to offer its community of users livestreaming podcasts for the in-car scenario, which will be dedicated to bringing together talented podcast content creators to engage with LIZHI Podcast users in real time. This fresh new mode of interactive audio entertainment will allow participants to have organic conversations and interactions across a wide range of audiences and networks on both the mobile application and in the in-car scenario.

The Livestream Podcast feature of LIZHI Podcast is powered by LIZHI’s in-house real-time communication (RTC) technology developed by the “DOREME” project. The RTC technology provided by “DOREME” is designed to bolster the software infrastructure for LIZHI’s products to allow audio data transmission in real time, providing users a stable and smooth audio experience.

“We are excited to introduce the Livestream Podcast feature on LIZHI Podcast, which may herald a new phase in the evolution of podcasts in China. Building on our years of operational experience in the audio field, we believe LIZHI is poised to elevate the level of podcast interaction with the introduction of livestreaming podcasts. We expect this new feature may also increase user engagement and deepen the relationship between podcast hosts/creators and their audience. In addition, we are proud to deploy our in-house RTC technology provided by “DOREME” to support Livestream Podcast on LIZHI Podcast. It has been our consistent belief that technology is one of the key advantages to gain competitiveness in the online audio sector. We plan to apply audio technologies developed by “DOREME” to more aspects of the Company’s business in the future to further fuel our business growth and provide our users an enhanced listening and interaction experience,” said Mr. Jinnan (Marco) Lai, Founder and Chief Executive Officer of LIZHI.

In December 2020, LIZHI announced its collaboration with XPeng Motors, a leading Chinese smart electric vehicle company, to integrate LIZHI’s in-car audio content product into XPeng Motors’ in-car intelligent operating system, offering users access to LIZHI’s extensive audio content library.

Mr. Lai said, “We are delighted to debut LIZHI Podcast’s new Livestream Podcast feature on XPeng Motors’ smart electric vehicles. We believe the rapid development of the new energy vehicle industry offers great growth potential for the online audio industry. We believe that Livestream Podcast will provide a new way for users, including drivers and passengers, to enjoy interactive audio entertainment in vehicles and further elevate the in-car audio experiences. Leveraging LIZHI’s extensive and diversified audio content offerings and advanced audio technology, we will explore more cooperation opportunities with XPeng Motors and other leading automobile companies to further enhance our in-car audio offerings and improve LIZHI’s competitive advantage in the in-car audio space.

About LIZHI INC.

LIZHI INC. has built an audio ecosystem with a global presence consisting of audio-based social networks, podcast content portfolios and audio communities. The Company aims to bring people closer together through voices by its product portfolios. LIZHI's audio-based social networking products offering, including Tiya App, caters to users' evolving interest in social interactions in real time online and enables users to connect with friends having similar interests, entertain, chat online, and share their daily lives through voices. LIZHI also offers a vertical podcast platform, LIZHI Podcast, that provides users with curated content drawn from its extensive content library built over the years, as well as new podcasts provided by selected content creators. Since the launch of LIZHI App in 2013, the Company's flagship platform, LIZHI has cultivated a vibrant and growing online UGC audio community and interactive audio entertainment platform where users are encouraged to create, share, discover and enjoy audio, and experience immersive and diversified entertainment features through audio. LIZHI envisions a global audio ecosystem – a place where everyone can be connected through voices and across cultures. LIZHI INC. has been listed on Nasdaq since January 2020.

For more information, please visit: http://ir.lizhi.fm.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may”, “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

In China:
LIZHI INC.
IR Department
Tel: +86 (20) 3866-4265
E-mail: ir@lizhi.fm

The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: Lizhi@tpg-ir.com

In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: Lizhi@tpg-ir.com

FAQ

What is the new feature launched by LIZHI on April 6, 2021?

LIZHI launched the ‘Livestream Podcast’ feature on its Podcast app, becoming the first in-car livestream podcast in China.

How does LIZHI's new feature operate in vehicles?

The Livestream Podcast feature is integrated with XPeng Motors' intelligent in-car system, allowing for real-time podcast interactions.

What technology supports LIZHI's Livestream Podcast?

The Livestream Podcast is powered by LIZHI’s in-house real-time communication (RTC) technology developed by the ‘DOREME’ project.

How does the Livestream Podcast feature benefit LIZHI's users?

It enhances user engagement by allowing organic conversations and real-time interactions between podcast hosts and their audience.

Who is the founder of LIZHI?

Mr. Jinnan (Marco) Lai is the founder and CEO of LIZHI.