Lizhi Gains 4% On Signing A Contract With Xinghe Zhilian Automotive

Shares of Lizhi Inc. (LIZI) are up more than 4% Friday morning at $5.81.

Lizhi, a Chinese online UGC audio community and interactive audio entertainment platform, today said it has signed an agreemnet with Xinghe Zhilian Automotive Technology Co., Ltd. to integrate Lizhi's audio products into Xinghe Zhilian's in-car communications and entertainment network.

"We are pleased to collaborate with Xinghe Zhilian Automotive Technology Co., Ltd. to further apply LIZHI's audio products to more in-car scenarios and further boost the application of LIZHI's audio technology in vehicles through Xinghe Zhilian's IoV network," said Mr. Jinnan (Marco) Lai, Founder and Chief Executive Officer of Lizhi.

LIZI has been trading in the range of $1.95- $16.75 in the last one year.

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