Market Capitalization (Millions $) |
2,908 |
Shares
Outstanding (Millions) |
1,039 |
Employees |
902 |
Revenues (TTM) (Millions $) |
317 |
Net Income (TTM) (Millions $) |
13 |
Cash Flow (TTM) (Millions $) |
6 |
Capital Exp. (TTM) (Millions $) |
2 |
Lizhi Inc
Our Company, a Cayman Islands holding company, conducts operations in China through its PRC subsidiaries and the VIEs. However, we and our direct and indirect subsidiaries do not, and it is virtually impossible for them to, have any equity interests in the VIEs in practice as current PRC laws and regulations restrict foreign investment in companies that engage in value-added telecommunication services and other internet related business.
As a result, we depend on certain contractual arrangements with the VIEs to operate a significant portion of our business. This structure allows us to exercise effective control over the VIEs, and is designed to replicate substantially the same economic benefits as would be provided by direct ownership. The VIEs are owned by certain nominee shareholders, not us. All of these nominee shareholders are also beneficial owners and directors of the Company. Investors in our ADSs are purchasing equity securities of a Cayman Islands holding company rather than equity securities issued by our subsidiaries and the VIEs. Investors who are non-PRC residents may never directly hold equity interests in the VIEs under current PRC laws and regulations.
Company Address: Yangcheng Creative Industry Zone Guangzhou 510655
Company Phone Number: 8398-1267 Stock Exchange / Ticker: NASDAQ LIZI
LIZI is expected to report next financial results on April 27, 2024. |
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