|Over a quarter ago|
LIZHI Inc (ADS) trading resumes 10:3303/2503/25/20
LIZHI Inc (ADS) trading halted, volatility trading pause 10:2803/2503/25/20
Lizhi sees Q1 revenue RMB350M-RMB370M 07:5403/1203/12/20
Lizhi reports Q4 adj. EPS (RMB0.11) vs. (RMB0.01) last year » 07:5303/1203/12/20
Reports revenue RMB365.3M…
Reports revenue RMB365.3M vs. RMB240.0M last year. Mr. Jinnan Lai, Founder and Chief Executive Officer of LIZHI, commented, "We are very pleased to report solid financial and operational performance for the fourth quarter and full year 2019. The key to our success is our ability to grow a highly engaged community with extensive user-generated content library spanning a variety of interactive entertainment products. As we strategically work to promote vibrant interaction and engagement among users and content creators, we believe we've built a social audio ecosystem that grows and attracts new users in a virtuous cycle. Capitalizing on the significant opportunities that AI brings to our industry, we are focused on its far-reaching potential to bring innovation, advancement and empowerment not only in content creation but also in content distribution and in creating superior user experience on our platform," continued Mr. Lai. "We believe our diverse monetization capabilities and strategic focus on interactive audio entertainment-related content position us well in the audio market. Looking ahead to 2020, Lizhi will continue our strategic efforts to expand user base, boost content creation and unlock greater monetization potential from our growing content library and dynamic user community."
Lizhi initiated with a Buy at Citi » 13:1302/1702/17/20
Citi initiated coverage…
Citi initiated coverage of Lizhi with a Buy rating and $15 price target. The company is well positioned to benefit from China's fast-growing online audio industry, Citi says in a research note.
Lizhi initiated with a Buy at Needham » 07:2402/1102/11/20
Needham analyst Vincent…
Needham analyst Vincent Yu initiated coverage of Lizhi with a Buy rating and $19 price target. The analyst believes that the company can leverage its "scalable user-generated content" and benefit from the tailwinds of the online audio market, citing China growing internet user penetration and expanded audio use cases. Yu further points to the rapid growth of China's online audio market to over $3B in revenue last year from nearly no revenue just 3 years ago.
Opening Day: China's Lizhi, Phoenix Tree flat in trading debut » 09:1001/1901/19/20
LIZI, DNK, VEL, IMAB, BSBK, CSPR
Lizhi (LIZI), one of…
Lizhi opens at $11.03, IPO priced at $11.00 per share » 10:2601/1701/17/20
Lizhi (LIZI) priced 4.1M…
Lizhi (LIZI) priced 4.1M shares at $11.00. The deal priced at the bottom of the $11.00-$13.00 range. Citi acted as lead book running manager for the offering.
Lizhi 4.1M share IPO priced at $11.00 » 05:3501/1701/17/20
The deal priced at the…
The deal priced at the bottom of the $11.00-$13.00 range. Citi acted as lead book running manager for the offering.