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Thursday, May 19, 2022

Lizhi Inc. (LIZI) Stock Plunged 3.03% After-Market, Here’s Why

Lizhi Inc. (LIZI) stock plummeted 3.03% in the after-market trading session at the price of $1.28 despite no fundamental updates.

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LIZI has devised a comprehensive audio-based system with an international presence. The stock aims to attract users into social networking and audio entertainment through its novel product pipelines. The company’s audio ecosystem facilitates everyone to interact and connect through voices. 

LIZI Launched In-car Audio Product 

On 19th April 2022, LIZI announced to partner with the Xiaomi Quick App to incorporate its in-car audio product into the operating system of the Leapmotor vehicle, an electric vehicle manufacturer in China. This collaboration marks Leapmotor as the first small automobile firm to integrate Lizhi’s in-car audio product via the Quick App Platform. 

LIZI, a pioneer in producing audio content systems and apps for small automobiles, has adjusted its audio products as per the Quick App Platform to provide better experience. The company has provided vehicles users with improved connectivity between different applications. The firm advances its suite of technologies, promotes further audio integrations, and supports multiple applications of its products.  

Incorporating its audio products into different devices and mediums is an integral part of Lizhi’s business strategy. Through this collaboration, LIZHI will offer audio experiences and podcast content to a broad range of users. This partnership will satisfy the users of the in-car entertainment industry through the company’s suite of technologies.  

LIZI Business Outlook 

Looking onwards, LIZI will bolster its core competitive benefits by strengthening the efforts to grab tremendous growth potential in social networking and global audio system. With its development plans in 2022, Lizhi will focus on supplying invaluable and innovative products and services to its clients while creating a highly competitive audio system. These endeavors highlight the stock’s dedication to building more value for its users, shareholders, and society. The stock’s suite of technologies has expected to empower its optimization by improving the engagement network. 

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