XML 46 R29.htm IDEA: XBRL DOCUMENT
v3.22.1

Organization and Reorganization (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Summary of Major Subsidiaries Consolidated Vies and Vies Subsidiaries | As of December 31, 2021, the Company’s consolidated subsidiaries, the VIEs and subsidiaries of VIEs are as follows:
Major Subsidiaries |  | Place and year of incorporation |  | Percentage of direct or indirect economic ownership |  | Principal activities
Lizhi Inc. (“Lizhi BVI”) |  | British Virgin Islands, Y2010 |  | 100 |  | Investment holding
Lizhi Holding Limited (“Lizhi HK”) |  | Hong Kong, China Y2010 |  | 100 |  | Investment holding
Beijing Hongyiyichuang Information Technology Co., Ltd. (“Hongyi Technology”) |  | Beijing, China Y2011 |  | 100 |  | Technical support and consulting services, advertising service
Tiya Inc. (“Tiya Cayman”) |  | Cayman Islands, Y2019 |  | 100 |  | Investment holding
TIYA INC. (“Tiya BVI”) |  | British Virgin Islands, Y2019 |  | 100 |  | Investment holding
Tiya Holding Limited (“Tiya HK”) |  | Hong Kong, China Y2019 |  | 100 |  | Investment holding
TIYA PTE. LTD. |  | Singapore Y2019 |  | 100 |  | Audio entertainment business and others
NASHOR PTE. LTD. |  | Singapore Y2019 |  | 100 |  | Audio entertainment business and others
Guangzhou Tiya Information Technology Co., Ltd. (“Guangzhou Tiya”) |  | Guangzhou, China Y2019 |  | 100 |  | Technical support and consulting services
Tiya Inc. (“Tiya USA”) |  | USA Y2020 |  | 100 |  | Audio entertainment business and others
Major VIEs |  | Place and year of incorporation/ acquisition |  | Percentage of direct or indirect economic ownership |  | Principal activities
Guangzhou Lizhi Network Technology Co., Ltd. (“Guangzhou Lizhi”) |  | Guangzhou, China Y2007 |  | 100 |  | Audio entertainment and podcast business
Guangzhou Huanliao Network Technology Co., Ltd. (“Guangzhou Huanliao”) * |  | Guangzhou, China Y2016 |  | 100 |  | Audio entertainment business and others
Major subsidiaries of VIEs |  | Place and year of incorporation |  | Percentage of direct or indirect economic ownership |  | Principal activities
Changsha Limang Interaction Entertainment Co., Ltd. |  | Changsha, China Y2015 |  | 100 |  | Audio entertainment business and others
Huai’an Lizhi Network Technology Co., Ltd. |  | Huai’an, China Y2015 |  | 100 |  | Audio entertainment business and others
Wuhan Lizhi Network Technology Co., Ltd. |  | Wuhan, China Y2017 |  | 100 |  | Audio entertainment business and others
Chongqing Piwan Network Technology Co., Ltd. |  | Chongqing, China Y2019 |  | 100 |  | Audio entertainment business and others
* | In May 2019, Guangzhou Huanliao was restructured from being a subsidiary of Guangzhou Lizhi to a VIE of Guangzhou Tiya.
Summary of Variable Interest Entities | The following combined financial information of the VIEs as of December 31, 2020 and 2021 and for the years ended December 31, 2019, 2020 and 2021 was included in the accompanying consolidated financial statements of the Group as follows:
|  | As of December 31, 2020 |  |  | As of December 31, 2021 |
|  | RMB |  |  | RMB |
ASSETS |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 148,979 |  |  |  | 191,549 |
Short-term investments |  |  | 73,022 |  |  |  | — |
Restricted cash |  |  | 3,695 |  |  |  | 3,023 |
Accounts receivable, net |  |  | 2,642 |  |  |  | 1 |
Prepayments and other current assets |  |  | 13,190 |  |  |  | 20,245 |
Amount due from the subsidiaries of the Group |  |  | 500 |  |  |  | 197 |
Total current assets |  |  | 242,028 |  |  |  | 215,015 |
Non-current assets: |  |  |  |  |  |  |  |
Property, equipment and leasehold improvement, net |  |  | 34,342 |  |  |  | 28,580 |
Intangible assets, net |  |  | 2,929 |  |  |  | 2,245 |
Right-of-use assets, net |  |  | 3,841 |  |  |  | 9,653 |
Other non-current assets |  |  | 711 |  |  |  | 799 |
Total non-current assets |  |  | 41,823 |  |  |  | 41,277 |
TOTAL ASSETS |  |  | 283,851 |  |  |  | 256,292 |
Current liabilities: |  |  |  |  |  |  |  |
Accounts payable |  |  | 73,986 |  |  |  | 70,639 |
Deferred revenue |  |  | 16,226 |  |  |  | 19,118 |
Salary and welfare payable |  |  | 88,464 |  |  |  | 116,204 |
Taxes payable |  |  | 4,559 |  |  |  | 4,940 |
Short-term loans |  |  | 39,508 |  |  |  | 68,999 |
Lease liabilities due within one year |  |  | 3,542 |  |  |  | 5,767 |
Accrued expenses and other current liabilities |  |  | 41,559 |  |  |  | 42,803 |
Amount due to the subsidiaries of the Group |  |  | 385,583 |  |  |  | 377,331 |
Total current liabilities |  |  | 653,427 |  |  |  | 705,801 |
Non-current liabilities: |  |  |  |  |  |  |  |
Lease liabilities |  |  | 587 |  |  |  | 4,132 |
Total non-current liabilities |  |  | 587 |  |  |  | 4,132 |
TOTAL LIABILITIES |  |  | 654,014 |  |  |  | 709,933 |
|  | For the year ended |
|  | December 31, 2019 |  |  | December 31, 2020 |  |  | December 31, 2021 |
|  | RMB |  |  | RMB |  |  | RMB |
Net revenues |  |  | 1,179,468 |  |  |  | 1,456,190 |  |  |  | 1,975,758 |
Net loss |  |  | (116,891 | ) |  |  | (84,441 | ) |  |  | (81,551 | )
|  | For the year ended |
|  | December 31, 2019 |  |  | December 31, 2020 |  |  | December 31, 2021 |
|  | RMB |  |  | RMB |  |  | RMB |
Net cash (used in)/generated from operating activities |  |  | (73,015 | ) |  |  | 17,425 |  |  |  | (17,723 | )
Net cash (used in)/generated from investing activities |  |  | (29,164 | ) |  |  | (94,559 | ) |  |  | 52,323 |
Net cash generated from financing activities |  |  | 38,854 |  |  |  | 187,752 |  |  |  | 7,298 |
Net (decrease)/increase in cash, cash equivalents and restricted cash |  |  | (63,325 | ) |  |  | 110,618 |  |  |  | 41,898 |
For the years ended December 31, 2019, 2020 and 2021, net cash generated from financial activities in the VIEs consist of: i) net borrowing from/(net repayments to) the Group companies, amounted to RMB38.9 million, RMB148.8 million and RMB(22.2) million, respectively. and ii) net proceeds from bank loans of nil, RMB39.0 million and RMB29.5 million, respectively.

X
- Definition Summary of major subsidiaries consolidated vies and vies subsidiaries. + References No definition available. + Details
Name: | lizi_ScheduleOfMajorSubsidiariesConsolidatedViesAndViesSubsidiariesTableTextBlock
Namespace Prefix: | lizi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=123419778&loc=SL6759159-111685 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123419778&loc=d3e5747-111685 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123419778&loc=SL6228884-111685 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123419778&loc=d3e5710-111685 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123419778&loc=d3e5728-111685 + Details
Name: | us-gaap_ScheduleOfVariableInterestEntitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration