LIZHI Inc. (LIZI) is making big gains today as the company recently announced that it has entered into a cooperation agreement with Horizon Robotics, an established chip maker for smart mobility in China, to collaborate on audio services for the Internet of Vehicles (IoV) market.
Founded in 2015, Horizon Robotics is a manufacturer of Artificial Intelligence (AI) chips for smart mobility in China.
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Since its establishment, Horizon Robotics has been actively developing high-performance, low-power, open and flexible AI chips, and solutions to empower smart mobility and a wider range of general AI applications via a combination of hardware and software.
On Thursday morning, Lizhi announced that it struck a deal with a leading toy designer and retailer in China, Pop Mart, to create a branded podcast channel. This will be the first of its kind on the company’s new Lizhi Podcast mobile app.
The announcement came shortly after the company sent a shareholder letter on Wednesday in which it put forward a vision of growing the company into a global audio entertainment giant.
In 2021, its goal is to increase brand recognition and attract a broad, global audience by creating more connections between people and providing them with companionship through its online audio platforms.
The share price of Lizhi Inc. (LIZI) is up 245% in just the last week.