Lizhi Inc., the largest online UGC audio community in China, donated RMB 1 Million to support fight against COVID-19
LIZHI INC. - American Depositary Shares (LIZI)
Company Research
Source: PR Newswire
GUANGZHOU, China, Feb. 12, 2020 /PRNewswire/ -- The outbreak of the COVID-19 has put China's real economy in a state of standstill. Deloitte sees the outbreak as a black swan event which may have serious consequences for China's economy. However, opportunities are often hidden behind a crisis. SARS in 2003 gave birth to the traditional Internet e-commerce. Although COVID-19 has curbed the growth of the offline economy, the online economy such as online entertainment, online education, online shopping and Live-office will be further developed.In the short term, affected by the outbreak of epidemic, users prefer to stay at home, which brings opportunities for development of online entertainment. And in the long term, entertainment and consumption behaviors are habitual, so a large proportion of users will remain after the epidemic. Lizhi Inc. (LIZI.US), the largest online UGC audio community in China, seized the opportunity and conducted quick actions operating new activities for users
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