Benzinga | Apr 15, 2021 07:31AM EDT

LIZHI Says Has Become Member Od Pilot Enterprise Cooperation Alliance Of Online Audiovisual Industry In Guangdong Province

LIZHI INC. ("LIZHI" or the "Company") (NASDAQ:LIZI), a leading online UGC audio community and interactive audio entertainment platform in China, announced today that it has become a member of the Pilot Enterprise Cooperation Alliance of Online Audiovisual Industry in Guangdong Province ("Cooperation Alliance" or the "Alliance").

The Cooperation Alliance is an industrial collaboration platform jointly established by the Online Audiovisual New Media Association in Guangdong Province and the first 10 enterprises participating in the "5G + Smart Audiovisual" online audiovisual industry pilot program in Guangdong Province, including LIZHI.

According to the Cooperation Alliance, it will focus on boutique production, product format innovation, service and business model innovation, network upgrading and integrative development, as well as the promotion and application of key and core technologies to foster complementary advantages and joint coordination activities among pilot enterprises. These come together to encourage the overall development of a high-quality and innovative online audiovisual industry. Additionally, the Alliance will also facilitate members' interactions and communication on intelligent moderation and blockchain applications, allowing members to seek collaborative opportunities and generate mutually beneficial development.

Mr. Jinnan (Marco) Lai, Founder and Chief Executive Officer of LIZHI, said, "We are honored to join the nine other pilot enterprises of the online audiovisual industry in Guangdong to initiate and establish the Cooperation Alliance. Looking ahead, we hope to continue playing a meaningful role as one of the pilot enterprises that strengthen communication for shared experiences and simultaneously contribute to the development of Guangdong's online audiovisual industry, especially when it comes to the continued growth of the online audio industry."