Lizhi Inc is a holding company mainly engaged in operating a global audio ecosystem consisting of audio-based social networks, podcast content portfolios, and audio communities. The Company operates the online audio community through LIZHI Application (App), which is a one-stop online destination for users to create, store, share, discover and interact through audio on mobile and other smart devices. The Company provides podcast services mainly via two platforms, LIZHI App and LIZHI Podcast. The users can access the App on their mobile devices and in-car audio products to listen to an abundance of audio content. The Company’s Audio Content covers a wide array of categories, generated by its users or selected paid podcasts, providing innovative audio and artificial intelligence technologies to connect with each other. The Company also sells virtual gifts to users to pay for selected audio entertainment and the podcast and also provides advertising services.