Benzinga | Jun 23, 2021 10:25AM EDT

Lizhi Announces Podcast Launch On Tencent's WeScenario

* Chinese online UGC audio community and interactive audio entertainment platform Lizhi Inc (NASDAQ:LIZI) announced its vertical podcast platform, LIZHI Podcast, has officially launched on Tencent Holdings Ltd's (OTC:TCEHY) WeScenario in-car platform.

* Tencent's WeScenario is a light, app-based Internet of Vehicles (IoV) ecosystem that provided a set of native application frameworks particularly tailored for driving scenarios by leveraging WeChat Mini Programs.

* WeScenario relied on cloud-based updates, which did not require download and installation. It quickly transmitted Internet services and content to vehicles, helping LIZHI Podcast's audio content smoothly and rapidly stream for improved 'in-car digital experience.

* Price action: LIZI shares traded higher by 5.37% at $6.47 in the market session on the last check Wednesday.