Sound (SOGP) 20-F 26 Mar 21 2020 FY Annual report (foreign) Financial data

Cover Page

Cover Page - shares	12 Months Ended
	Dec. 31, 2020	Feb. 28, 2021
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Registrant Name	LIZHI INC.
Entity Central Index Key	0001783407
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Interactive Data Current	Yes
Document Accounting Standard	U.S. GAAP
Entity File Number	001-39177
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	Yangcheng Creative Industry Zone
Entity Address, Address Line Two	No. 309 Middle Huangpu Avenue
Entity Address, City or Town	Guangzhou
Entity Address, Postal Zip Code	510655
Entity Address, Country	CN
ICFR Auditor Attestation Flag	false
Business Contact [Member]
Document Information [Line Items]
Contact Personnel Name	Chengfang Lu
Entity Address, Address Line One	Yangcheng Creative Industry Zone
Entity Address, Address Line Two	No. 309 Middle Huangpu Avenue
Entity Address, City or Town	Guangzhou
Entity Address, Postal Zip Code	510655
Entity Address, Country	CN
Country Region	86
City Area Code	20
Local Phone Number	3866-4265
Contact Personnel Email Address	luchengfang@lizhi.fm
American Depositary Shares [Member]
Document Information [Line Items]
Title of 12(b) Security	American depositary shares, each ADS represents 20 Class A ordinary shares, par value US$0.0001 per share
Trading Symbol	LIZI
Security Exchange Name	NASDAQ
Ordinary Shares A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		693,155,330
Title of 12(b) Security	Class A ordinary shares, par value US$0.0001 per share
No Trading Symbol Flag	true
Security Exchange Name	NASDAQ
Ordinary Shares B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		231,215,000

Consolidated Balance Sheets

Consolidated Balance Sheets ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Current assets:
Cash and cash equivalents	¥ 315,459	$ 48,300	¥ 82,709
Short-term investments	73,022	11,191	0
Restricted cash	3,695	566	0
Accounts receivable, net	8,361	1,281	2,979
Prepayments and other current assets	19,371	2,969	18,774
Total current assets	419,908	64,353	104,462
Non-current assets:
Property, equipment and leasehold improvement, net	34,518	5,290	32,387
Intangible assets, net	2,929	449	1,701
Right-of-use assets, net	4,282	656	0
Other non-current assets	2,181	334	2,133
Total non-current assets	43,910	6,729	36,221
TOTAL ASSETS	463,818	71,082	140,683
Current liabilities:
Accounts payable (including accounts payable of the consolidated variable interest entities ("VIEs") without recourse to the primary beneficiary of RMB72.2 million and RMB74.0million as of December 31, 2019 and 2020, respectively)	78,267	11,995	72,299
Deferred revenue (including deferred revenue of the consolidated VIEs without recourse to the primary beneficiary of RMB14.4 million and RMB16.2 million as of December 31, 2019 and 2020, respectively)	17,001	2,606	14,530
Salary and welfare payable (including salary and welfare payable of the consolidated VIEs without recourse to the primary beneficiary of RMB66.8 million and RMB88.5 million as of December 31, 2019 and 2020, respectively)	93,288	14,297	68,935
Taxes payable (including taxes payable of the consolidated VIEs without recourse to the primary beneficiary of RMB2.6 million and RMB4.6 million as of December 31, 2019 and 2020, respectively)	5,809	890	2,631
Short-term loans (including short-term loans of the consolidated VIEs without recourse to the primary beneficiary of nil and RMB39.5 million as of December 31, 2019 and 2020, respectively)	39,508	6,055	0
Lease liabilities due within one year (including lease liabilities due within one year of the consolidated VIEs without recourse to the primary beneficiary of nil and RMB3.5 million as of December 31, 2019 and 2020, respectively)	3,709	568	0
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB32.1 million and RMB41.6 million as of December 31, 2019 and 2020, respectively)	51,047	7,823	33,729
Total current liabilities	288,629	44,234	192,124
Non-current liabilities:
Lease liabilities (including lease liabilities of the consolidated VIEs without recourse to the primary beneficiary of nil and RMB0.6 million as of December 31, 2019 and 2020, respectively)	587	90	0
Other non-current liabilities (including other non-current liabilities of the consolidated VIEs without recourse to the primary beneficiary of nil and nil as of December 31, 2019 and 2020, respectively)	5,411	829	0
Total non-current liabilities	5,998	919	0
TOTAL LIABILITIES	294,627	45,153	192,124
COMMITMENTS AND CONTINGENCIES (NOTE 17)	0	0	0
MEZZANINE EQUITY:
TOTAL MEZZANINE EQUITY:	0	0	1,946,990
SHAREHOLDERS' (DEFICIT)/EQUITY:
Ordinary shares (US$0.0001 par value, 930,963,910 and 1,500,000,000 shares authorized as of December 31, 2019 and December 31, 2020, respectively, 285,428,430 issued and 260,000,000 outstanding as of December 31, 2019 and 941,464,520 shares issued and 924,318,450 shares outstanding as of December 31, 2020, respectively).	640	98	189
Treasury stock	(12)	(2)	(18)
Additional paid in capital	2,409,753	369,311	0
Accumulated deficit	(2,239,300)	(343,185)	(2,003,031)
Accumulated other comprehensive income/(loss)	(1,909)	(293)	4,429
TOTAL SHAREHOLDERS' (DEFICIT)/EQUITY:	169,191	25,929	(1,998,431)
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' (DEFICIT)/EQUITY	463,818	71,082	140,683
Series A Convertible Redeemable Preferred Shares [Member]
MEZZANINE EQUITY:
TOTAL MEZZANINE EQUITY:	0	0	344,876
Series B Convertible Redeemable Preferred Shares [Member]
MEZZANINE EQUITY:
TOTAL MEZZANINE EQUITY:	0	0	400,476
Series C Convertible Redeemable Preferred Shares [Member]
MEZZANINE EQUITY:
TOTAL MEZZANINE EQUITY:	0	0	485,302
Series C1 Convertible Redeemable Preferred Shares [Member]
MEZZANINE EQUITY:
TOTAL MEZZANINE EQUITY:	0	0	117,973
Series C1 Plus Convertible Redeemable Preferred Shares [Member]
MEZZANINE EQUITY:
TOTAL MEZZANINE EQUITY:	0	0	92,966
Series D Convertible Redeemable Preferred Shares [Member]
MEZZANINE EQUITY:
TOTAL MEZZANINE EQUITY:	0	0	438,439
Series D1 Convertible Redeemable Preferred Shares [Member]
MEZZANINE EQUITY:
TOTAL MEZZANINE EQUITY:	¥ 0	$ 0	¥ 66,958

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)shares	Dec. 31, 2019CNY (¥)¥ / sharesshares	Dec. 31, 2019$ / shares
Accounts payable	¥ 78,267	¥ 72,299
Deferred revenue	17,001	14,530
Salary and welfare payable	93,288	68,935
Taxes payable	5,809	2,631
Short-term loans	39,508	0
Lease liabilities due within one year	3,709	0
Accrued expenses and other current liabilities	51,047	33,729
Lease liabilities	587	0
Other non-current liabilities	¥ 5,411	¥ 0
Convertible Redeemable Preferred Shares,Shares Outstanding		569,036,090
Common Stock [Member]
Ordinary shares, par value | $ / shares			$ 0.0001
Ordinary shares, shares authorized	1,500,000,000	930,963,910
Ordinary shares, shares issued	941,464,520	285,428,430
Ordinary shares, shares outstanding	924,318,450	260,000,000
Series A Convertible Redeemable Preferred Shares [Member]
Convertible Redeemable Preferred Share Par Value Share | $ / shares			0.0001
Convertible Redeemable Preferred Share Authorized	0	100,000,000
Convertible Redeemable Preferred Share Issued	0	100,000,000
Convertible Redeemable Preferred Shares,Shares Outstanding	0	100,000,000
Convertible Redeemable preferred shares, Redemption Price Per Share | ¥ / shares		¥ 3.31
Convertible Redeemable Preferred Shares,Liquidation Value | ¥ / shares		¥ 2.93
Series B Convertible Redeemable Preferred Shares [Member]
Convertible Redeemable Preferred Share Par Value Share | $ / shares			0.0001
Convertible Redeemable Preferred Share Authorized	0	116,666,650
Convertible Redeemable Preferred Share Issued	0	116,666,650
Convertible Redeemable Preferred Shares,Shares Outstanding	0	116,666,650
Convertible Redeemable preferred shares, Redemption Price Per Share | ¥ / shares		¥ 3.33
Convertible Redeemable Preferred Shares,Liquidation Value | ¥ / shares		¥ 3.09
Series C Convertible Redeemable Preferred Shares [Member]
Convertible Redeemable Preferred Share Par Value Share | $ / shares			0.0001
Convertible Redeemable Preferred Share Authorized	0	142,583,330
Convertible Redeemable Preferred Share Issued	0	142,583,330
Convertible Redeemable Preferred Shares,Shares Outstanding	0	142,583,330
Convertible Redeemable preferred shares, Redemption Price Per Share | ¥ / shares		¥ 3.42
Convertible Redeemable Preferred Shares,Liquidation Value | ¥ / shares		¥ 3.58
Series C1 Convertible Redeemable Preferred Shares [Member]
Convertible Redeemable Preferred Share Par Value Share | $ / shares			0.0001
Convertible Redeemable Preferred Share Authorized	0	34,697,360
Convertible Redeemable Preferred Share Issued	0	34,697,360
Convertible Redeemable Preferred Shares,Shares Outstanding	0	34,697,360
Convertible Redeemable preferred shares, Redemption Price Per Share | ¥ / shares		¥ 3.42
Convertible Redeemable Preferred Shares,Liquidation Value | ¥ / shares		¥ 3.58
Series C1 Plus Convertible Redeemable Preferred Shares [Member]
Convertible Redeemable Preferred Share Par Value Share | $ / shares			0.0001
Convertible Redeemable Preferred Share Authorized	0	26,912,090
Convertible Redeemable Preferred Share Issued	0	26,912,090
Convertible Redeemable Preferred Shares,Shares Outstanding	0	26,912,090
Convertible Redeemable preferred shares, Redemption Price Per Share | ¥ / shares		¥ 3.40
Convertible Redeemable Preferred Shares,Liquidation Value | ¥ / shares		¥ 4.03
Series D Convertible Redeemable Preferred Shares [Member]
Convertible Redeemable Preferred Share Par Value Share | $ / shares			0.0001
Convertible Redeemable Preferred Share Authorized	0	128,152,790
Convertible Redeemable Preferred Share Issued	0	128,152,790
Convertible Redeemable Preferred Shares,Shares Outstanding	0	128,152,790
Convertible Redeemable preferred shares, Redemption Price Per Share | ¥ / shares		¥ 3.52
Convertible Redeemable Preferred Shares,Liquidation Value | ¥ / shares		¥ 4.48
Series D1 Convertible Redeemable Preferred Shares [Member]
Convertible Redeemable Preferred Share Par Value Share | $ / shares			$ 0.0001
Convertible Redeemable Preferred Share Authorized	0	20,023,870
Convertible Redeemable Preferred Share Issued	0	20,023,870
Convertible Redeemable Preferred Shares,Shares Outstanding	0	20,023,870
Convertible Redeemable preferred shares, Redemption Price Per Share | ¥ / shares		¥ 3.51
Convertible Redeemable Preferred Shares,Liquidation Value | ¥ / shares		¥ 4.48
Variable Interest Entity Primary Beneficiary [Member]
Accounts payable | ¥	¥ 73,986	¥ 72,164
Deferred revenue | ¥	16,200	14,400
Salary and welfare payable | ¥	88,464	66,810
Short-term loans | ¥	39,508	0
Lease liabilities due within one year | ¥	3,542	0
Accrued expenses and other current liabilities | ¥	41,559	32,108
Lease liabilities | ¥	587	0
Other non-current liabilities | ¥	0	0
Variable Interest Entity, Not Primary Beneficiary, Aggregated Disclosure [Member]
Salary and welfare payable | ¥	88,500	66,800
Taxes payable | ¥	¥ 4,600	¥ 2,600

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)¥ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019CNY (¥)¥ / sharesshares	Dec. 31, 2018CNY (¥)¥ / sharesshares
Net revenues	¥ 1,502,908	$ 230,331	¥ 1,180,597	¥ 798,561
Cost of revenues	(1,134,678)	(173,897)	(910,155)	(565,634)
Gross profit	368,230	56,434	270,442	232,927
Operating expenses:
Selling and marketing expenses	(142,734)	(21,875)	(208,550)	(135,014)
General and administrative expenses	(88,856)	(13,618)	(45,714)	(26,702)
Research and development expenses	(225,329)	(34,533)	(158,015)	(83,209)
Total operating expenses	(456,919)	(70,026)	(412,279)	(244,925)
Operating loss	(88,689)	(13,592)	(141,837)	(11,998)
Other income:
Interest income/(expenses), net	(1,796)	(275)	300	221
Foreign exchange (losses)/gains	(836)	(128)	1,178	(58)
Investment (losses)/income	1,241	190		(458)
Government grants	12,870	1,972	9,452	3,626
Others, net	(3,975)	(609)	(2,050)	(675)
Loss before income taxes	(81,185)	(12,442)	(132,957)	(9,342)
Income tax expense	(999)	(153)
Net loss	(82,184)	(12,595)	(132,957)	(9,342)
Accretions to preferred shares redemption value	(154,066)	(23,612)	(940,186)	(216,185)
Net loss attributable to the Lizhi Inc.'s ordinary shareholders	(236,250)	(36,207)	(1,073,143)	(225,527)
Net loss	(82,184)	(12,595)	(132,957)	(9,342)
Other comprehensive income/(loss):
Foreign currency translation adjustments	(6,338)	(971)	671	2,649
Total other comprehensive income/(loss)	(6,338)	(971)	671	2,649
Total comprehensive loss	(88,522)	(13,566)	(132,286)	(6,693)
Accretions to preferred shares redemption value	(154,066)	(23,612)	(940,186)	(216,185)
Comprehensive loss attributable to the Lizhi Inc.'s ordinary shareholders	¥ (242,588)	$ (37,178)	¥ (1,072,472)	¥ (222,878)
Net loss attributable to the Lizhi Inc.'s ordinary shareholders per share
Basic | (per share)	¥ (0.27)	$ (0.04)	¥ (4.13)	¥ (0.87)
Diluted | (per share)	¥ (0.27)	$ (0.04)	¥ (4.13)	¥ (0.87)
Weighted average number of ordinary shares
Basic	883,202,412	883,202,412	260,000,000	260,000,000
Diluted	883,202,412	883,202,412	260,000,000	260,000,000
American Depository Shares [Member]
Net loss attributable to the Lizhi Inc.'s ordinary shareholders per share
Basic | (per share)	¥ (5.35)	$ (0.82)	¥ (82.55)	¥ (17.35)
Diluted | (per share)	¥ (5.35)	$ (0.82)	¥ (82.55)	¥ (17.35)
Weighted average number of ordinary shares
Basic	44,160,121	44,160,121	13,000,000	13,000,000
Diluted	44,160,121	44,160,121	13,000,000	13,000,000

Consolidated Statements Of Chan

Consolidated Statements Of Changes In Shareholders' Deficit ¥ in Thousands, $ in Thousands	CNY (¥)shares	USD ($)shares	Ordinary shares [Member]CNY (¥)shares	Treasury stock [Member]CNY (¥)shares	Additional Paid-in Capital [Member]CNY (¥)	Accumulated other comprehensive income/(loss) [Member]CNY (¥)	Accumulated deficit [Member]CNY (¥)
Beginning balance, shares at Dec. 31, 2017 | shares			260,000,000
Beginning balance at Dec. 31, 2017	¥ (703,081)		¥ 171			¥ 1,109	¥ (704,361)
Statement [Line Items]
Net loss	(9,342)						(9,342)
Preferred shares redemption value accretion	(216,185)						(216,185)
Foreign currency translation adjustment	2,649					2,649
Ending balance, shares at Dec. 31, 2018 | shares			260,000,000
Ending balance at Dec. 31, 2018	(925,959)		¥ 171			3,758	(929,888)
Statement [Line Items]
Net loss	(132,957)						(132,957)
Issuance of ordinary shares , shares | shares			25,428,430
Issuance of ordinary shares	18		¥ 18
Preferred shares redemption value accretion	¥ (940,186)						(940,186)
Grant of restricted shares, shares | shares	(25,428,430)	(25,428,430)
Grant of restricted shares	¥ (18)			¥ (18)
Foreign currency translation adjustment	671					671
Ending balance, shares at Dec. 31, 2019 | shares			285,428,430	(25,428,430)
Ending balance at Dec. 31, 2019	(1,998,431)		¥ 189	¥ (18)		4,429	(2,003,031)
Statement [Line Items]
Net loss	(82,200)	$ (12,595)					(82,184)
Issuance of ordinary shares , shares | shares			82,000,000
Issuance of ordinary shares	256,408		¥ 56		¥ 256,352
Conversion of preferred shares to ordinary shares upon the completion of the IPO shares	2,101,056		¥ 391		2,100,665
Preferred shares redemption value accretion	(154,066)						(154,066)
Share-based payment compensation	49,170				49,170
Grant of vested options to settle annual bonus	¥ 3,378				3,378
Issuance of ordinary shares and put into escrow, shares | shares	5,000,000	5,000,000	5,000,000	(5,000,000)
Issuance of ordinary shares and put into escrow			¥ 4	¥ (4)
Vesting of restricted shares, shares | shares				9,857,100
Vesting of restricted shares				¥ 8	(8)
Vesting of restricted share units, shares | shares				190,160
Vesting of restricted share units	¥ 196				196
Exercise of options, shares | shares	3,235,000	3,235,000		3,235,100
Exercise of options, value	¥ 2			¥ 2
Foreign currency translation adjustment	(6,338)	$ (971)				(6,338)
Ending balance, shares at Dec. 31, 2020 | shares			941,464,520	(17,146,070)
Ending balance at Dec. 31, 2020	¥ 169,191	$ 25,929	¥ 640	¥ (12)	¥ 2,409,753	¥ (1,909)	¥ (2,239,281)
Statement [Line Items]
Conversion of preferred shares to ordinary shares upon the completion of the IPO shares, shares | shares	569,036,090	569,036,090	569,036,090

Consolidated Statements of Cash

Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Cash flows from operating activities:
Net Loss	¥ (82,200)	$ (12,595)	¥ (132,957)	¥ (9,342)
Adjustment to reconcile net loss to net cash generated from/(used in) operating activities:
Depreciation of property, equipment and leasehold improvement	17,700	2,709	10,772	5,832
Amortization of intangible assets	1,600	244	1,763	3,930
Non-cash lease expense	8,569	1,313
Foreign exchange losses/(gains)	836	128	(1,178)	58
Investment losses/(gains)	(1,241)	(190)		458
Interest expense	2,395	367
Share-based compensation	50,741	7,777
Gains on disposal of property equipment and software	(28)	(4)
Changes in operating assets and liabilities:
Accounts receivable	(5,382)	(825)	3,506	6,187
Prepayments and other current assets	(4,989)	(765)	(12,850)	5,951
Accounts payable	5,968	915	(4,416)	24,261
Deferred revenue	2,471	379	3,862	4,790
Salary and welfare payable	26,393	4,045	29,414	15,204
Taxes payable	6,044	926	(2,253)	3,671
Lease liabilities	(8,555)	(1,311)
Accrued expenses and other current liabilities	14,277	2,188	8,584	(47,038)
Other non-current liabilities	5,411	829
Net cash (used in)/generated from operating activities	40,000	6,130	(95,753)	13,962
Cash flows from investing activities:
Purchase of property, equipment and leasehold improvement	(21,246)	(3,256)	(27,865)	(14,161)
Purchase of intangible assets	(1,759)	(270)	(1,505)	(3,256)
Purchase of short-term investments	(86,305)	(13,227)
Maturities of short-term investments	14,505	2,223
Net cash received from disposal of long-term assets	246	38		42
Net cash used in investing activities	(94,559)	(14,492)	(29,370)	(17,375)
Cash flows from financing activities:
Proceeds from issuance of ordinary shares, net	259,043	39,700
Proceeds from excercise of vested share options	2
Proceeds from short-term loans	69,942	10,719
Repayments of short-term loans	(30,941)	(4,742)
Net cash generated from financing activities	298,046	45,677
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	(7,038)	(1,079)	2,228	2,508
Net (decrease) /increase in cash, cash equivalents and restricted cash	236,445	36,236	(122,895)	(905)
Cash and cash equivalents at beginning of the year	82,709	12,676	205,604	206,509
Cash, cash equivalents and restricted cash at end of the year	319,154	48,912	82,709	205,604
Supplemental disclosures of cash flow information:
Cash paid for interest expenses	(1,888)	(289)
Accretions to preferred shares redemption value	¥ 154,066	$ 23,612	¥ 940,186	¥ 216,185

Organization and Reorganization

Organization and Reorganization	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Reorganization	1. Organization and Reorganization Lizhi Inc. (the “Company”) was incorporated in the Cayman Islands in January 2019 in connection with a Reorganization of pre-existing As of December 31, 2020, the Company’s consolidated subsidiaries, VIEs and subsidiaries of VIEs are as follows: Major Subsidiaries Place and year of incorporation Percentage of direct or indirect Principal activities Lizhi Inc. (“Lizhi BVI”) British Virgin 100 Investment holding Lizhi Holding Limited (“Lizhi HK”) Hong Kong, China 100 Investment holding Beijing Hongyiyichuang Information Technology Co., Ltd. (“Hongyi Technology”) Beijing, China 100 Technical support and consulting services TIYA INC. (“Tiya Cayman”) Cayman Islands, 100 Investment holding TIYA INC. (“Tiya BVI”) British Virgin 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, China Y2019 100 Technical support and consulting services Tiya Inc. USA Y2020 100 Audio entertainment business and others Major VIEs Place and year of incorporation/ acquisition Percentage of direct or indirect Principal activities Guangzhou Lizhi Network Technology Co., Ltd. (“Guangzhou Lizhi”) Guangzhou, China 100 Audio entertainment, and podcast, advertising and other business Guangzhou Huanliao Network Technology Co., Ltd. Guangzhou, China 100 Audio entertainment business and others Major subsidiaries of VIEs Place and year of incorporation Percentage of direct or indirect 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. History of the Group Reorganization The Group commenced operations through Guangzhou Lizhi in the PRC, formerly known as Guangzhou Taochao Internet Technology Co., Ltd. Guangzhou Lizhi holds an Internet Content Provider (“ICP”) license to operate Lizhi.fm that provides internet information services to its consumers. In October 2010 In December 2018, Lizhi BVI repurchased all ordinary shares and preferred shares of Lizhi BVI then held by each of Mr. Jinnan (Marco) Lai and Mr. Ning Ding and issued the same amount of ordinary and preferred shares to VOICE WORLD Ltd and AI VOICE Ltd, each a company incorporated in the British Virgin Islands In March 2019, in connection with its incorporation, the Company issued ordinary shares and preferred shares to all of the then existing shareholders of Lizhi BVI based on their equity interests held in Lizhi BVI. After this transaction, Lizhi BVI became a wholly-owned subsidiary of the Company. The Company’s shareholding structure immediately after the Reorganization was the same as the capital structure of Guangzhou Lizhi immediately prior to the Reorganization. Concurrently, Guangzhou Lizhi became the consolidated VIE of the Group. The Company determined that the Reorganization should be treated as a non-substantive Initial Public Offering In January 2020, the Company completed an IPO in which an aggregate of 82,000,000 Class A ordinary shares was offered and sold in the form of ADSs. On January 17, 2020, the ADSs have been listed on the Nasdaq Global Market under the symbol “LIZI”. Contractual arrangements with VIEs PRC laws and regulations place certain restrictions on foreign investment in value-added telecommunication service businesses. The Company conducts a portion of their operations in the PRC through Guangzhou Lizhi, Guangzhou Huanliao, and their subsidiaries. The Company has effective control over its VIEs and subsidiaries of VIEs through a series of contractual arrangements among its wholly-owned PRC subsidiaries Hongyi Technology and Guangzhou Tiya, VIEs and their shareholders. The contractual arrangements, as described in more detail below, collectively allow the Company to: • exercise effective control over each of its VIEs and subsidiaries of VIEs; • receive substantially all of the economic benefits of VIEs and subsidiaries of VIEs; and • have an exclusive call option to purchase all or part of the equity interests in and/or assets of each of VIEs and subsidiaries of VIEs when and to the extent permitted by PRC laws. As a result of these contractual arrangements, the Company is the primary beneficiary of VIEs and subsidiaries of VIEs, and, therefore, have consolidated the financial results of VIEs and subsidiaries of VIEs in its consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Below is a summary of the currently effective contractual arrangements by and among the Company’s wholly-owned subsidiaries Hongyi Technology, Guangzhou Tiya, the Company’s VIEs Guangzhou Lizhi, Guangzhou Huanliao and their shareholders (also nominee shareholders). Guangzhou Lizhi Equity Pledge Agreement Pursuant to an equity pledge agreement entered into in June 20, 2019 by and between Hongyi Technology and then shareholders of Guangzhou Lizhi, such shareholders of Guangzhou Lizhi pledged all of their equity interests in Guangzhou Lizhi to Hongyi Technology, to guarantee the performance of Guangzhou Lizhi and, to the extent applicable, such shareholders of Guangzhou Lizhi, of their obligations under the contractual arrangements of the Group’s VIE. If Guangzhou Lizhi or such shareholders of Guangzhou Lizhi fail to perform their obligations under the contractual arrangement of the Group’s VIE, Hongyi Technology will be entitled to, among other things, right to sell the pledged shares of Guangzhou Lizhi via an auction. This equity pledge agreement remains in effect so long as any of the exclusive technical consulting and management service agreement, the operation agreement or the exclusive equity transfer option agreement, as mentioned below, remains in effect or any guaranteed obligation of Guangzhou Lizhi, or, to the extent applicable, its shareholders, remains outstanding under the VIE arrangements. The existing equity pledge agreement was initially entered into in March 2011 and was subsequently amended and restated on substantially similar terms in December 2014, June 2017, August 2017 and June 2019, respectively. Exclusive Equity Transfer Option Agreement Pursuant to an exclusive equity transfer option agreements entered into in June 20, 2019 by and between Hongyi Technology and then shareholders of Guangzhou Lizhi, such shareholders of Guangzhou Lizhi exclusively granted Hongyi Technology or any party appointed by Hongyi Technology an irrevocable option to purchase all or part of the shares in Guangzhou Lizhi held by then shareholders of Guangzhou Lizhi at a price no lower than the lowest price permitted by PRC law. Whether to exercise this option and the timing, methods and frequency of exercising such option are at the full discretion of Hongyi Technology. The exclusive equity transfer option agreement shall remain valid until all shares in Guangzhou Lizhi held by the shareholders of Guangzhou Lizhi, or all irrevocable options to purchase such shares, have been transferred to Hongyi Technology or its designated person. Hongyi Technology is entitled to terminate this exclusive equity transfer option agreement if a default occurs due to reasons not related to Hongyi Technology under this agreement. The existing equity transfer option agreement was initially entered into in March 2011 and was subsequently amended and restated on substantially similar terms in December 2014, June 2017, August 2017 and June 2019, respectively. Exclusive Technology Consulting and Service Agreement Pursuant to an exclusive technology consulting and service agreement entered into in June 9, 2017 by and between Hongyi Technology and Guangzhou Lizhi, Guangzhou Lizhi agreed to appoint Hongyi Technology as its exclusive provider of technology services, including software development, internet maintenance, network security and other services in exchange for a service fee of an amount equal to 90% of the after-tax Operating Agreement Pursuant to an operating agreement entered into in June 20, 2019 by and among Hongyi Technology, Guangzhou Lizhi and then shareholders of Guangzhou Lizhi, such shareholders of Guangzhou Lizhi agreed that, without written consent of Hongyi Technology or a party designated by it, Guangzhou Lizhi shall refrain from conducting any action that may materially or adversely affect its assets, business, personnel, obligations, rights or operation, for a term of ten years starting from the date thereof. Such actions include, among other things, incurrence of debt to a third party, change of directors or senior management, acquisition or disposal of assets or shares, amendment to its articles of association or business scope and other matters. Hongyi Technology is also entitled to appoint directors and senior management of Guangzhou Lizhi and instruct Guangzhou Lizhi on matters pertinent to its daily operation, financial management. Guangzhou Lizhi is obligated to fully effectuate the appointment or instructions made by Hongyi Technology in methods consistent with applicable laws and articles of Guangzhou Lizhi. Hongyi Technology is entitled to terminate or extend the operation agreement at its discretion. The existing operating agreement was initially entered into in March 2011 and was subsequently superseded by an amended and restated operating agreement on substantially similar terms in June 2017 and June 2019. Power of Attorney Pursuant to a series of power of attorney issued by shareholders of Guangzhou Lizhi in June 20, 2019, such shareholders of Guangzhou Lizhi irrevocably appointed Hongyi Technology as their attorney-in-fact The Equity Pledge Agreement, Exclusive Equity Transfer Option Agreement, Exclusive Technology Consulting and Service Agreement, Operating Agreement and Power of Attorney to Guangzhou Lizhi were amended to reflect the changes of shareholders’ holding in the VIE in their respective dates. No other material terms or conditions of these agreements were changed or altered. There was no impact to the Group’s effective control over Guangzhou Lizhi and the Group continues to consolidate Guangzhou Lizhi. Guangzhou Huanliao Equity Pledge Agreement Pursuant to an equity pledge agreement entered into in May 20, 2019 by and between Guangzhou Tiya and Mr. Ning Ding, the sole shareholder of Guangzhou Huanliao, Mr. Ning Ding pledged all of his equity interests in Guangzhou Huanliao to Guangzhou Tiya to guarantee the performance of Guangzhou Huanliao and, to the extent applicable, Mr. Ning Ding, of their obligations under the contractual arrangement of the Group’s VIEs. If Guangzhou Huanliao or Mr. Ning Ding fails to perform their obligations under the contractual arrangement of the Group’s VIEs, Guangzhou Tiya will be entitled to, among other things, a right to sell the pledged shares of Guangzhou Huanliao via an auction. This equity pledge agreement will remain in effect so long as any of the exclusive technical consulting and management service agreement, the operation agreement and the exclusive equity transfer option agreement, as mentioned below, remains in effect and any guaranteed obligation of Guangzhou Huanliao, or, to the extent applicable, its shareholders, remains outstanding under the VIEs arrangement. Exclusive Equity Transfer Option Agreement Pursuant to an exclusive equity transfer option agreements entered into in May 20, 2019 by and between Guangzhou Huanliao, Guangzhou Tiya and Mr. Ning Ding, the sole shareholder of Guangzhou Huanliao, Mr. Ning Ding exclusively granted Guangzhou Tiya or any party appointed by Guangzhou Tiya an irrevocable option to purchase all or part of the shares in Guangzhou Huanliao held by Mr. Ning Ding at a price no lower than the lowest price permitted by PRC law. Whether to exercise this option and the timing, methods and frequency of exercising such option are at the full discretion of Guangzhou Tiya. The exclusive equity transfer option agreement shall remain valid until all shares in Guangzhou Huanliao held by then shareholders of Guangzhou Huanliao, or all irrevocable options to purchase such shares, have been Exclusive Technical Consulting and Service Agreement Pursuant to an exclusive technology consulting and service agreement entered into in May 20, 2019 by and between Guangzhou Tiya and Guangzhou Huanliao, Guangzhou Huanliao agreed to appoint Guangzhou Tiya as its exclusive provider of technology services, including software development, internet maintenance, network security and other services in exchange for a service fee of an amount equal to 90% of the after-tax Operation Agreement Pursuant to an operation agreement entered into in May 20, 2019 by and among Guangzhou Tiya, Guangzhou Huanliao and Mr. Ning Ding, the sole shareholder of Guangzhou Huanliao, Mr. Ning Ding agreed that, without written consent of Guangzhou Tiya or a party designated by it, Guangzhou Huanliao shall refrain from conducting any action that may materially or adversely affect its assets, business, personnel, obligations, rights or operation, for a term of ten years starting from the date thereof. Such actions include, among other things, incurrence of debt to a third party, change of directors or senior management, acquisition or disposal of assets or shares, amendment to its articles of association or business scope and other matters. Guangzhou Tiya is also entitled to appoint directors and senior management of Guangzhou Huanliao and instruct Guangzhou Huanliao on matters relating to its daily operation, financial management. Guangzhou Huanliao is obligated to fully effectuate the appointment or instructions made by Guangzhou Tiya in methods consistent with applicable laws and articles of Guangzhou Huanliao. Guangzhou Tiya is entitled to terminate or extend the operation agreement at its discretion. Power of Attorney Pursuant to a series of power of attorney issued by Mr. Ning Ding, the sole shareholder of Guangzhou Huanliao in May 20, 2019, Mr. Ning Ding irrevocably appointed Guangzhou Tiya as his attorney-in-fact Risks in relation to the VIE structure A significant part of the Company’s business is conducted through the VIEs of the Group, of which the Company is the ultimate primary beneficiary. In the opinion of management, the contractual arrangements with the VIEs and the nominee shareholders are in compliance with PRC laws and regulations and are legally binding and enforceable. However, there are substantial uncertainties regarding the interpretation and application of PRC laws and regulations including those that govern the contractual arrangements, which could limit the Group’s ability to enforce these contractual arrangements and if the nominee shareholders of the VIEs were to reduce their interests in the Group, their interest may diverge from that of the Group and that may potentially increase the risk that they would seek to act contrary to the contractual arrangements. On March 15, 2019, the National People’s Congress approved the Foreign Investment Law, or the FIL, which took effect on January 1, 2020. The FIL does not explicitly classify whether variable interest entities that are controlled through contractual arrangements would be deemed as foreign invested enterprises if they are ultimately “controlled” by foreign investors. Since the FIL is relatively new, uncertainties still exist in relation to its interpretation and implementation, and it is still unclear how the FIL would affect variable interest entity structure and business operation. The Company’s ability to control the VIEs also depends on the Power of Attorney the shareholders has to vote on all matters requiring shareholder approval in the VIEs. As noted above, the Company believes these Power of Attorney are legally enforceable but may not be as effective as direct equity ownership. In addition, if the Group’s corporate structure or the contractual arrangements with the VIEs were found to be in violation of any existing or future PRC laws and regulations, the PRC regulatory authorities could, within their respective jurisdictions: • revoke the Group’s business and operating licenses; • require the Group to discontinue or restrict its operations; • restrict the Group’s right to collect revenues; • block the Group’s websites; • require the Group to restructure the operations, re-apply • impose additional conditions or requirements with which the Group may not be able to comply; or • take other regulatory or enforcement actions against the Group that could be harmful to the Group’s business. The imposition of any of these restrictions or actions could result in a material adverse effect on the Group’s ability to conduct its business. In such case, the Group may not be able to operate or control the VIEs, which may result in deconsolidation of the VIEs in the Group’s consolidated financial statements. In the opinion of the Company’s management, the likelihood for the Group to lose such ability is remote based on current facts and circumstances. The Group believes that the contractual arrangements among each of the VIEs, their respective shareholders and relevant wholly foreign owned enterprise are in compliance with PRC law and are legally enforceable. The Group’s operations depend on the VIEs to honor their contractual arrangements with the Group. These contractual arrangements are governed by PRC law and disputes arising out of these agreements are expected to be decided by arbitration in the PRC. Management believes that each of the contractual arrangements constitutes valid and legally binding obligations of each party to such contractual arrangements under PRC laws. However, the interpretation and implementation of the laws and regulations in the PRC and their application on the legality, binding effect and enforceability of contracts are subject to the discretion of competent PRC authorities, and therefore there is no assurance that relevant PRC authorities will take the same position as the Group herein in respect of the legality, binding effect and enforceability of each of the contractual arrangements. Meanwhile, since the PRC legal system continues to evolve, the interpretations of many laws, regulations and rules are not always uniform and enforcement of these laws, regulations and rules involve uncertainties, which may limit legal protections available to the Group to enforce the contractual arrangements should the VIEs or the nominee shareholders of the VIEs fail to perform their obligations under those arrangements. The following combined financial information of the Group’s VIEs as of December 31, 2019 and 2020 and for the years ended December 31, 2018, 2019 and 2020 was included in the accompanying consolidated financial statements of the Group as follows: As of December 31, As of December 31, 2019 2020 RMB RMB ASSETS Current assets: Cash and cash equivalents 42,056 148,979 Short-term investments — 73,022 Restricted cash — 3,695 Accounts receivable, net 2,979 2,642 Prepayments and other current assets 10,825 13,190 Amount due from the subsidiaries of the Grou p — 500 Total current assets 55,860 242,028 Non-current Property, equipment and leasehold improvement, net 32,106 34,342 Intangible assets, net 1,701 2,929 Right-of-use — 3,841 Other non-current 2,133 711 Total non-current 35,940 41,823 TOTAL ASSETS 91,800 283,851 Current liabilities: Accounts payable 72,164 73,986 Deferred revenue 14,381 16,226 Salary and welfare payable 66,810 88,464 Taxes payable 2,592 4,559 Short-term loans — 39,508 Lease liabilities due within one year — 3,542 Accrued expenses and other current liabilities 32,108 41,559 Amount due to the subsidiaries of the Group 186,979 385,583 Total current liabilities 375,034 653,427 Non-current Lease liabilities — 587 Total non-current — 587 TOTAL LIABILITIES 375,034 654,014 For the year ended December 31, December 31, December 31, 2018 2019 2020 RMB RMB RMB Net revenues 798,561 1,179,468 1,456,190 Net loss (456 ) (116,891 ) (84,441 ) For the year ended December 31, December 31, December 31, 2018 2019 2020 RMB RMB RMB Net cash generated from/(used in) 21,262 (73,015 ) 17,425 Net cash used in investing activities (17,375 ) (29,164 ) (94,559 ) Net cash generated from financing activities 70,802 38,854 187,752 Net increase/(decrease) in cash, cash equivalents and restricted cash 74,689 (63,325 ) 110,618 In accordance with various contractual agreements, the Company has the power to direct the activities of the VIEs and their subsidiaries and can have assets transferred out of the VIEs. Therefore, the Company considers that there are no assets in the respective VIEs that can be used only to settle obligations of the respective VIEs, except for the registered capital of the VIEs amounted as of December 31, 2019 and 2020. As the respective VIEs are incorporated as limited liability companies under the PRC Company Law, creditors do not have recourse to the general credit of the Company for the liabilities of the respective VIEs. There is currently no contractual arrangement that would require the Company to provide additional financial support to the VIEs. As the Group is conducting certain businesses in the PRC through the VIEs, the Group may provide additional financial support on a discretionary basis in the future, which could expose the Group to a loss. There is no VIEs in the Group where the Company or any subsidiary has a variable interest but is not the primary beneficiary. Liquidity The Group incurred net loss of RMB9.3 million, ended December 31, 2018, 2019 and Net cash generated from/(used in) operating activities were RMB14.0 million, ended December 31, 2018, 2019 and 2020 The The Group’s principal sources of liquidity have been cash generated from its operations and contributions from its shareholders. As of December 31, 2020, it had RMB315.5 million (US$48.3 million) in cash and cash equivalents. These cash and cash equivalents mainly represent demand deposits which are placed in bank and large reputable financial institutions, that are readily convertible to fixed amounts of cash and with original maturities from the date of purchase with terms of three months or less. The Group had a positive working capital (defined as total current assets deducted by total current liabilities) of RMB131.3 million (US$20.1 million) as of December 31, 2020 primarily due to the net proceeds received from the IPO completed in January 2020. Therefore, the Group believes the cash and cash equivalents and the operating cash flows are sufficient to meet the cash requirements to fund planned operations and other commitments for at least the next twelve months. The Group’s consolidated financial statements have been prepared based on the Company continuing as a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies a) Basis of presentation The consolidated financial statements of the Group have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Significant accounting policies followed by the Group in the preparation of the accompanying consolidated financial statements are summarized below. b) Principles of consolidation The consolidated financial statements include the financial statements of the Company, its subsidiaries, VIEs and subsidiaries of VIEs for which the Company is the primary beneficiary. Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting power, has the power to appoint or remove the majority of the members of the board of directors, or to cast a majority of votes at the meeting of the board of directors, or has the power to govern the financial and operating policies of the investee under a statute or agreement among the shareholders or equity holders. A consolidated VIE is an entity in which the Company, or its subsidiary, through contractual arrangements, has the power to direct the activities that most significantly impact the entity’s economic performance, bears the risks of and enjoys the rewards normally associated with ownership of the entity, and therefore the Company or its subsidiary is the primary beneficiary of the entity. All transactions and balances among the Company, its subsidiaries, VIEs and subsidiaries of VIEs have been eliminated upon consolidation. c) Use of estimates The preparation of the Group’s consolidated financial statements in conformity with the U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities at the balance sheet date and reported revenues and expenses during the reported years in the consolidated financial statements and accompanying notes. Significant accounting estimates include, but are not limited to, assessment of whether the Group acts as a principal or an agent in different revenue streams, assessment of average user relationship period for podcast business, assessment for the impairment of long-lived assets, valuation allowance of deferred tax assets, determination of the fair value of ordinary shares, preferred shares, and valuation and recognition of share-based compensation expenses. d) Functional currency and foreign currency translation The Group uses Renminbi (“RMB”) as its reporting currency. The functional currency of the Company and its overseas subsidiaries which incorporated in the Cayman Islands, British Virgin Islands, Hong Kong, and Singapore is United States dollars (“US$”). The functional currency of the Group’s PRC entities is RMB. In the consolidated financial statements, the financial information of the Company and other entities located outside of the PRC have been translated into RMB. Assets and liabilities are translated at the exchange rates on the balance sheet date, equity amounts are translated at historical exchange rates, and revenues, and expenses, gains and losses are translated using the average rate for the year. Translation adjustments are reported as foreign currency translation adjustments, and are shown as a component of other comprehensive income/(loss) in the consolidated statements of operations and comprehensive loss. Foreign currency transactions denominated in currencies other than the functional currency are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency using the applicable exchange rates at the balance sheet dates. Net gains and losses resulting from foreign exchange transactions are included in foreign exchange (losses)/gains in the consolidated statements of operations and comprehensive loss. e) Convenience Translation Translations of balances in the consolidated balance sheets, the consolidated statements of operations and comprehensive loss and the consolidated statements of cash flows from RMB into US$ as of and for the year ended December 31, 2020 are solely for the convenience of the reader and were calculated at the rate of US$1.00 = RMB6.5250, representing the noon buying rate in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York on December 31, 2020. No representation is made that the RMB amounts represent or could have been, or could be, converted, realized or settled into US$ at that rate on December 31, 2020, or at any other rate. f) Fair value measurements Accounting guidance defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact , Accounting guidance establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Accounting guidance establishes three levels of inputs that may be used to measure fair value: • Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. • Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical asset or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. • Level 3 applies to asset or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Group’s financial instruments include cash, cash equivalents and restricted cash, short-term investments, accounts receivable, other receivables (included in “Prepayments and other current assets”), accounts payable and other payables (included in “Accrued expenses and other current liabilities”), short-term loans of which the carrying values approximate their fair value. See Note 2 0 g) Cash and cash equivalents Cash and cash equivalents mainly represent cash on hand, demand deposits placed with large reputable banks and other financial institutions, and highly liquid investments that are readily convertible to known amounts of cash and with original maturities from the date of purchase with terms of three months or less. As of December 31, 2019 and 2020, there were demand deposits with terms of less than three months denominated in US dollars amounted to approximately amounted respectively. As of December 31, 2019 and 2020, the Group had cash held in accounts managed by online payment platforms such as Alipay and WeChat Pay in connection with the collection of service fees online for a total amount of RMB As of December 31, 2019 and 2020, the Group had approximately RMB64.1 million The Group had no other lien arrangements during the years ended December 31, 2019 and 2020. h) Restricted cash Restricted cash represents bank deposits being frozen by the local regulators subject to resolutions of disputes with a vendor and a user of the Group’s platform. As of December 31, 2019 and 2020, such restricted cash balance was and RMB million respectively . i) Short-term investments In accordance with ASC 825, for investments in financial instruments with a variable interest rate indexed to the performance of u n j) Accounts receivable The carrying value of accounts receivable is reduced by an allowance that reflects the Group’s best estimate of the amounts that will not be collected. Many factors are considered in estimating the general allowance, including but not limited to reviewing accounts receivable balances, historical bad debt rates, aging analysis, customer credit worthiness and industry trend analysis. The Group also makes specific allowance if there is evidence showing that the receivable is unlikely to be collected. Accounts receivable balances are written off against the allowance when they are determined to be uncollectible. k Property, equipment and leasehold improvement, net Property, equipment and leasehold improvement are stated at cost less accumulated depreciation and impairment, if any. Depreciation is computed using the straight-line method over the following estimated useful lives: Electronic equipment 3 years Furniture and office equipment 5 years Vehicles 4 years Leasehold improvement shorter of expected lives of leasehold improvement and Expenditures for maintenance and repairs are expensed as incurred. The gain or loss on the disposal of property, equipment and leasehold improvement is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the consolidated statements of operations and comprehensive loss. l Intangible assets, net Intangible assets mainly consist of copyright, software, trademark and others. Identifiable intangible assets are carried at acquisition cost less accumulated amortization and impairment loss, if any. Finite-lived intangible assets are tested for impairment if impairment indicators arise. Amortization of finite-lived intangible assets is computed using the straight-line method over their estimated useful lives, which are as follows: Copyright 1-3 years Software 1- 5 Trademark and others 3- 5 m Impairment of long-lived assets Long-lived assets are evaluated for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be fully recoverable or that the useful life is shorter than the Group had originally estimated. When these events occur, the Group evaluates the impairment for the long-lived assets by comparing the carrying value of the assets to an estimate of future undiscounted cash flows expected to be generated from the use of the assets and their eventual disposition. If the sum of the expected future undiscounted cash flows is less than the carrying value of the assets, the Group recognizes an impairment loss based on the excess of the carrying value of the assets over the fair value of the assets. No impairment charge was recognized for any of the years presented. n Revenue recognition The Group’s revenues comprise audio entertainment revenue, podcast, advertising and other revenue The Group adopted ASC Topic 606, “Revenue from Contracts with Customers” for all years presented. Consistent with the criteria of Topic 606, the Group recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to receive in exchange for those goods or services using the five steps defined under ASC Topic 606. Audio entertainment revenue The Group is principally engaged in operating its own audio entertainment live streaming platform, which enable hosts and users to interact with each other during audio entertainment live streaming services. Audio entertainment revenue is generated from sales of virtual items on the platform. The Group has a recharge system for users to purchase the Group’s virtual currency which is then used to purchase virtual items for use. Users can recharge via bank transfer and various online third-party payment platforms, including AliPay, WeChat Pay and other payment platforms. Virtual currency is non-refundable The Group engages hosts to provide audio entertainment live streaming services. The Group shares a portion of the sales proceeds of virtual items (“revenue sharing fee”) with hosts and their respective guilds in accordance with their audio entertainment live streaming service agreements. The Group evaluates and determines that it is the principal and views users to be its customers. The Group reports audio entertainment revenues on a gross basis. Accordingly, the amounts billed to users are recorded as revenues and revenue sharing fee paid to hosts and their respective guilds are recorded as cost of revenues. Where the Group is the principal, it controls the virtual items before they are transferred to users. Its control is evidenced by the Group’s sole ability to monetize the virtual items before they are transferred to users, and is further supported by the Group being primarily responsible to users and having a level of discretion in establishing pricing. The Group designs, creates and offers various virtual items for sale to users with pre-determined Revenue related to each consumable item is a single performance obligation provided on a consumption basis and is recognized at the point in time when the virtual item is transferred directly to the users and consumed by them. Revenue related to time-based virtual items is recognized ratably over the contract period. During the years ended December 31, 2018, 2019 and 2020, the weighted average contract period for the time-based virtual items purchased were 33 days, , Podcast revenue The Group provides users certain subscription services which entitle paying subscribers access to listen to specific podcast content on the platform. The subscription fee is time-based and is collected upfront from subscribers. The receipt of subscription fee is initially recorded as deferred revenue. The Group satisfies its performance obligation by providing services throughout the estimated average user relationship period as the subscription period is generally perpetual. Revenue is recognized ratably over the estimated average user relationship period. The estimated average user relationship period is based on data collected from those paying users who have subscribed to podcast content. The Group estimates the average user relationship period for a podcast content to be the date a user subscribes to it through the date the Group estimates the paying user listens to the content for the last time. The determination of the estimated average user relationship period is based on the Group’s best estimate that takes into account all known and relevant information at the time of assessment. Any adjustments arising from changes in the estimated average user relationship period as a result of new information will be accounted as a change in accounting estimate in accordance with ASC 250 Accounting Changes and Error Corrections Contract liabilities primarily consist of deferred revenue which comprises unconsumed virtual currency, unamortized revenue from time-based virtual items and unamortized subscription fees for podcast services: January 1, 2018 December 31, 2018 December 31, 2019 December 31, 2020 Deferred revenue 5,878 10,668 14,530 17,001 The podcast contents are licensed by broadcasters to the Group. The Group records revenue on a gross basis considering the Group: (i) is the primary obligor in the arrangement; (ii) has latitude in establishing the selling price. Key revenue streams are as below: For the year ended December 31, 2018 2019 2020 RMB RMB RMB Audio entertainment 785,101 1,167,934 1,481,120 Podcast, advertising and others 13,460 12,663 21,788 Total 798,561 1,180,597 1,502,908 During the years ended December 31, 2018, 2019 and 2020, the Group recognized revenue amounted to RMB5.2 million , 9.9 million, respectively that was included in the corresponding opening deferred revenue balance at January 1, 2018, December 31, 2018 and 2019. During the years ended December 31, 2018, 2019 and 2020, the Advertising revenue The Group generates advertisement revenues from rendering of various forms of advertisement services by way of advertisement display on its audio entertainment live streaming platform. Advertisements on the Group’s platform are generally charged on the basis of duration whereby revenue is recognized ratably over the contract period of display. The Group provides sales incentives in the forms of discounts and rebates to advertisement agencies based on purchase volume. Revenue is recognized based on the price charged to the advertisers or agencies, net of sales incentives provided to the agencies. Sales incentives are recorded at the time of revenue recognition based on the contracted rebate rates and contract amount. The accounts receivable arises primarily from its advertising customers. December 31, 2019 December 31, 2020 Accounts receivable 2,979 8,361 Please see Note 4 for additional information There were no material contract assets as of December 31, 2019 and 2020. Practical Expedients The Group has used the following practical expedients as allowed under ASC Topic 606: (i) The transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied has not been disclosed, as substantially all of the Group’s contracts have an original expected duration of one year or less. (ii) Payment terms and conditions vary by contract type, although terms generally include a requirement of prepayment or payment within one year or less. The Group has determined that its contracts generally do not include a significant financing component. (iii) Costs to obtain a contract with a customer were expensed as incurred when the amortization period would have been one year or less. o) Deferred revenue Deferred revenue primarily consists of unconsumed virtual currency, unamortized revenue from time-based virtual items and unamortized subscription fees for podcast contents in the Group’s platform, where there is still an obligation to be provided by the Group, which will be recognized as revenue when all of the revenue recognition criteria are met. p) Cost of revenue Amounts recorded as cost of revenue relate to direct expenses incurred in order to generate revenue. Such costs are recorded as incurred. Cost of revenues, consists primarily of revenue sharing fees, salary and welfare benefits, payment handling costs, bandwidth costs and other costs. Revenue sharing fees represent the Company’s payments to hosts or guilds based on a percentage of revenue from sales of virtual items and certain performance based incentives. q Research and development expenses Research and development expenses mainly consist of salary and welfare benefits and bandwidth costs incurred for the development and enhancement to the Company’s websites and platform of applications. r Selling and marketing expenses Selling and marketing expenses consist primarily of advertising and promotional expenses, salary and welfare benefits to the Group’s sales and marketing personnel. Advertising and promotional expenses consist primarily of costs for the promotion of corporate i m For the years ended December 31, 2018, 2019 and 2020, advertising and promotional expenses were RMB106.1 million, s Leases Adoption of the New Lease Accounting Standard In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2016-02, Leases 2016-02”). The Group has elected to utilize the package of practical expedients at the time of adoption, which allows the Group to (1) not reassess whether any expired or existing contracts are or contain leases, (2) not reassess the lease classification of any expired or existing leases, and (3) not reassess initial direct costs for any existing leases. The Company also has elected to utilize the short-term lease recognition exemption and, for those leases that qualified, the Group did not recognize operating lease right-of-use Upon the adoption of the new guidance on January 1, 2020, the Group recognized operating lease ROU assets and operating lease liabilities of RMB million million non-current million The Group determines if an arrangement is a lease and determines the classification of the lease, as either operating or finance, at commencement. The Group has operating leases for office buildings and has no finance leases as of December 31, 2020. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the lease payments over the lease term at commencement date. As the Group’s leases do not provide an implicit rate, an incremental borrowing rate is used based on the information available at the commencement date, to determine the present value of lease payments. The incremental borrowing rate approximates the rate the Group would pay to borrow in the currency of the lease payments for the weighted-average life of the lease. The operating lease ROU assets also include any lease payments made prior to lease commencement and exclude lease incentives and initial direct costs incurred if any. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Group will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. The Group’s lease agreements contain both lease and non-lease t) Government grants Government grants represent cash subsidies received from the PRC government by the Group. Government grants are in connection with the Group’s contributions to research and development activities, and tax refunds in local business districts. u Share-based compensation Share based compensation expenses arise from share based awards, including share options for the purchase of ordinary shares, restricted shares and restricted share units. The Company accounts for share-based awards granted to employee and non-employee in accordance with ASC 718 Stock Compensation. Share-based compensation expenses are recognized in the consolidated financial statements based on their grant date fair values. The fair value of share option is affected by the fair value of ordinary shares as well as assumptions regarding a number of complex and subjective variables, including the expected volatility of the fair value of ordinary shares, actual and projected employee share option exercise behavior, risk-free interest rates and expected dividends. The fair value of restricted share, restricted share units and share options with little to no exercise price, are generally measured as the grant date price of the Company’s ordinary shares. Prior to the IPO in January 2020, the fair value of the Company’s ordinary shares was assessed using the income approach/discounted cash flow method, with a discount for lack of marketability, given that the shares underlying the awards were not publicly traded at the time of grant. With the completion of the IPO, it is no longer necessary to estimate the fair value of ordinary shares as the market price of its publicly traded ADSs is used as an indicator of fair value of the ordinary shares. The Company has never declared or paid any cash dividends on its capital stock, and the Group does not anticipate any dividend payments in the foreseeable future. The contractual term is the contract life of the options. The Group estimated the risk free interest rate based on the market yield of US Government Bonds with maturities of ten years as of the valuation date, plus a country default risk spread between China and US. For options granted in the year ended December 31, 2018, the expected and weighted average volatility was 56.38%, risk-free rate was 3.05%, maximum contractual term was 10 years, and enterprise value per ordinary share was US$0.21. No share option was granted for the year ended December 31, 2019, and all share options granted in 2020 were with little to no exercise price for which fair value was measured as the grant date price of the Company’s ordinary shares. Share-based compensation expenses are recorded net of actual forfeitures. For a cliff-vesting award or award with graded-vesting features and service conditions only, the Company uses straight-line method to recognize compensation cost over the total requisite service period for the entire award. For an award with performance and/or service condition that affects vesting, the performance and/or service condition is not considered in determining the award’s fair value on the grant date. The Company recognizes compensation expenses for awards with performance conditions if and when the Company concludes that it is probable that the performance condition will be achieved, net of actual pre-vesting forfeitures over the requisite service period, using graded-vesting method. The Company reassesses the probability of vesting at each reporting period for awards with performance conditions and adjusts compensation expenses based on its probability assessment, unless on certain situations, the Company may not be able to determine that it is probable that a performance condition will be satisfied until the event occurs. v Employee benefits PRC Contribution Plan Full time employees of the Group in the PRC participate in a government mandated defined contribution plan, pursuant to which certain pension benefits, medical care, employee housing fund and other welfare benefits are provided to the employees. Chinese labor regulations require that the PRC subsidiaries, VIEs and subsidiaries of VIEs of the Group make contributions to the government for these benefits based on c e The total amounts of such employee benefit expenses, which were expensed as incurred, were approximately RMB20.6 million, ended December 31, 2018, 2019 and 2020, respectively w Taxation Income taxes Current income taxes are provided on the basis of income/(loss) for financial reporting purposes, adjusted for income and expense items which are not assessable or deductible for income tax purposes, in accordance with the regulations of the relevant tax jurisdictions. Uncertain tax positions In order to assess uncertain tax positions, the Group applies a more likely than not threshold and a two-step two-step December 31, 2018, 2019 and 2020 x Related parties Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or significant influence, such as a family member or relative, shareholder, or a related corporation. y Net loss per share Loss per share is computed in accordance with ASC 260, Earnings per Share. The two-class two-class two-class Basic net loss per share is computed using the weighted average number of ordinary shares outstanding during the period. Diluted net loss per share is computed using the weighted average number of ordinary shares and potential ordinary shares outstanding during the period under treasury stock method. Potential ordinary shares include options to purchase ordinary shares and preferred shares, unless they were anti-dilutive. The computation of diluted net income/(loss) per share does not assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect (i.e. an increase in earnings per share amounts or a decrease in loss per share amounts) on net income/(loss) per share. z Statutory reserves In accordance with China’s Company Laws, the Company’s VIEs and subsidiaries of VIEs in PRC must make appropriations from their after-tax non-distributable after-tax Pursuant to the laws applicable to China’s Foreign Investment Enterprises, the Company’s subsidiary that is a foreign investment enterprise in China have to make appropriations from their after-tax The Group has not appropriated any amount to statutory reserves for the years ended December 31, 2019 and 2020, because the Company’s subsidiary, VIEs and subsidiaries of VIEs were in the position of accumulated deficit as of December 31, 2019 and 2020. aa Comprehensive loss Comprehensive loss is defined to include all changes in (deficit) /equity bb) Segment reporting The Group uses the management approach in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Group’s chief operating decision maker (“CODM”) for making operating decisions, allocating resources and assessing performance as the source for determining the Group’s reportable segments. The Group has internal reporting of revenue, cost and expenses by nature as a whole. Hence, the Group has one operating segment, as that term is defined by FASB ASC Topic 280, Segment reporting. The Group’s organizational structure is based on a number of factors that the CODM uses to evaluate, view and run its business operations which include, but not limited to, customer base, homogeneity of products and technology. Substantially all revenues are derived from China based on the geographical locations where services are provided to customers. In addition, the Group’s long-lived assets are substantially located in China. Therefore, no geographical segments are presented. cc Concentration and credit risk Advertising and promotional service providers The Group relied on advertising and promotional service providers and their affiliates to promote its platfo r For the year ended December 31, 2018 2019 2020 Total number of advertising and promotional service providers 245 236 203 Number of service providers that accounted for 10% or more of the Group’s advertising and promotional expenses — 2 3 Total percentage of the Group’s advertising and promotional expenses that were paid to these service providers who accounted for 10% or more of the Group’s advertising and promotional service expenses — 36.0 % 38.1% Credit risk Financial instruments that potentially subject the Group to the concentration of credit risk consist of cash and cash equivalents, restricted cash, short-term investments and accounts receivable. As of December 31, 2019 and 2020, substantially all of the Group’s cash and cash equivalents, restricted cash and short-term investments were held in major financial institutions located, which management consider being of high credit quality. Accounts receivable is typically unsecured and is generally derived from revenue earned from advertising business. Major customers for advertising business There were two and two customers December 31, December 31, Customer A 48.3 % — Customer B 50.3 % 68.3 % Customer C — 21.5 % dd Recently issued accounting pronouncements The Group qualifies as an “emerging growth company”, or “EGC”, pursuant to the Jumpstart Our Business Startups Act of 2012, as amended, or the JOBS Act. As an EGC, the Group does not need to comply with any new or revised financial accounting standards until such date that a private company is otherwise required to comply with such new or revised accounting standards. Recent accounting pronouncements not yet adopted In June 2016, the FASB amended guidance related to the impairment of financial instruments as part of ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which was further amended by ASU 2019-10 in November 2019, for public business entities that meet the definition of an U.S. Securities and Exchange Commission (“SEC”) filer, excluding entities eligible to be SRCs as defined by the SEC, the amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For all other entities, the amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. All entities may adopt the amendments in this update earlier as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The guidance replaces the incurred loss impairment methodology with an expected credit loss model for which a company is required to recognize an allowance based on its estimate of expected credit loss. The Group is currently evaluating the impact of this new guidance on its consolidated financial statements.

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2020
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	3. Cash and Cash Equivalents The following is a summary of cash and cash equivalents: December 31, 2019 December 31, 2020 RMB RMB Cash and cash equivalents: RMB 42,358 152,032 US$ 40,241 161,663 Others 110 1,764 Total cash and cash equivalents 82,709 315,459

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Dec. 31, 2020
Credit Loss, Additional Improvements [Abstract]
Accounts Receivable, Net	4 Accounts Receivable, Net Accounts receivable, net is consisted of the following: December 31, 2019 December 31, 2020 RMB RMB Accounts receivable, gross: 2,979 8,361 Less: allowance for doubtful accounts — — Accounts receivable, net 2,979 8,361 The Group closely monitors the collection of its accounts receivable and records allowance for doubtful accounts against aged accounts receivable and for specifically identified non-recoverable amounts. If the economic situation and the financial condition of a customer deteriorate resulting in an impairment of the customer’s ability to make payments, additional allowances might be required. Receivable balances are written off when they are determined to be uncollectable.

Prepayments and Other Current A

Prepayments and Other Current Assets	12 Months Ended
	Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepayments and Other Current Assets	5 Prepayments and Other Current Assets The following is a summary of prepayments and other current assets: December 31, 2019 December 31, 2020 RMB RMB Deposits 3,542 3,509 Prepaid service fees 8,784 5,234 Prepaid promotional expenses 381 3,971 Staff advances 292 141 Receivables from third-party online payment platform 1,553 1,511 Deductible Value Added Tax (“VAT”) 1,893 1,283 Others 2,329 3,722 Total 18,774 19,371

Property, Equipment and Leaseho

Property, Equipment and Leasehold Improvement, Net	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	6 Property, Equipment and Leasehold Improvement, Net The following is a summary of property, equipment and leasehold improvement, net: December 31, 2019 December 31, 2020 RMB RMB Electronic equipment 46,478 65,352 Furniture and office equipment 1,382 1,530 Vehicles 989 597 Leasehold improvement 4,466 5,392 Total property, equipment and leasehold improvement 53,315 72,871 Less: accumulated depreciation (20,928 ) (38,353 ) Property, equipment and leasehold improvement, net 32,387 34,518 Depreciation expenses were RMB5.8 million, December 31, 2018, 2019 and 2020, respectively. No impairment charge was recognized for any of the years presented.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	7 Intangible Assets The following table summarizes the Group’s intangible as s December 31, 2019 December 31, 2020 RMB RMB Gross carrying amount Copyright 8,547 8,488 Software 1,370 2,851 Trademark and others 1,053 2,446 Total gross carrying amount 10,970 13,785 Less: accumulated amortization Copyright (8,308 ) (8,468 ) Software (735 ) (1,503 ) Trademark and others (226 ) (885 ) Total accumulated amortization (9,269 ) (10,856 ) Intangible assets, net 1,701 2,929 Amortization expense for the years ended December 31, 2018, 2019 RMB3.9 million, respectively. The estimated amortization expenses for each of the following five years are as follows: Amortization expense of intangible assets RMB 2021 1,182 2022 932 2023 513 2024 206 2025 96

Leases

Leases	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases	8. Leases The Group has operating leases for office buildings the Group utilizes under lease arrangements. As of December 31, 2020, the Group recognized the following items related to operating leases in its consolidated balance sheet. December 31, 2020 RMB Operating lease ROU assets 4,282 Operating lease liabilities-non-current (587 ) Operating lease liabilities-current (3,709 ) Total operating lease liabilities (4,296 ) Weighted average remaining lease term 1.3 years Weighted average discount rate 7.0 % Operating lease cost was RMB8.9 million for the year ended December 31, 2020. For the year ended December 31, 2020, no lease cost was capitalized. Supplemental cash flow information related to operating leases was as follows: December 31, 2020 RMB Cash paid for operating leases 8,867 Right-of-use assets obtained in exchange for operating lease liabilities 12,851 A summary of maturity of operating lease liabilities under the Group’s non-cancellable December 31, 2020 RMB 2021 3,854 2022 409 2023 239 Total lease payment 4,502 Less: interest (206 ) Present value of operating lease liability 4,296 As of December 31, 2020, the Company had no operating leases that had not yet commenced.

Taxation

Taxation	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Taxation	9 Taxation a) Income taxes Cayman Islands Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gain. Additionally, upon payments of dividends by the Company in the Cayman Islands to its shareholders, no Cayman Islands withholding tax will be imposed. British Virgin Islands Under the current laws of the British Virgin Islands, entities incorporated in British Virgin Islands are exempted from inco m Singapore Under the Singapore tax laws, subsidiaries in Singapore are subject to a unified 17% tax rate, except for certain entities that are entitled to preferential tax treatments, and there are no withholding taxes in Singapore on remittance of dividends. The Company’s overseas entity recognized income tax expense amounted to RMB1.0 million for the assessable profits base on the existing legislation, interpretation and practice of Singapore. Hong Kong Subsidiary incorporated in Hong Kong is subject to Hong Kong profits tax at a rate of 16.5% for taxable income earned in Hong Kong before April 1, 2018. Starting from the financial year commencing on April 1, 2018, the two-tiered China Under the Enterprise Income Tax Law of the PRC, the Company’s Chinese subsidiaries, VIEs and subsidiaries of VIEs are subject to an income tax of 25%, except for Guangzhou Lizhi, which was entitled a preferential tax rate of 15% from 2017 to 202 3 The following table presents a reconciliation of the differences between the statutory income tax rate and the Company’s effective income tax rate for the years ended December 31, 2019 and 2020: For the year ended December 31, 2018 2019 2020 % % % Statutory income tax rate of the PRC 25.0 25.0 25.0 Tax rate difference from preferential tax treatments and statutory rate in other jurisdictions (5.3 ) (7.4 ) (16.3 ) Super deduction on research and development expenses 88.1 8.7 30.0 Non-deductible share-based compensation expenses — — (9.2 ) Other permanent differences (32.7 ) (3.1 ) (3.9 ) Change in valuation allowances (75.1 ) (23.2 ) (26.8 ) Effective income tax rate — — (1.2 ) As of December 31, 2020, certain entities of the Company had net operating tax loss carry forwards as follows: RMB Loss expiring in 2021 4,924 Loss expiring in 2022 8,084 Loss expiring in 2023 5,620 Loss expiring in 2024 28,827 Loss expiring in 2025 23,473 Loss expiring in 2026 21,409 Loss expiring in 2027 15,141 Loss expiring in 2028 47,863 Loss expiring in 2029 147,040 Loss expiring in 2030 156,066 458,447 b) Deferred tax assets and liabilities The following table presents the tax impact of significant temporary differences that give rise to the deferred tax assets and liabilities as of December 31, 2019 and 2020: December 31, 2019 December 31, 2020 RMB RMB Deferred tax assets: Net operating tax loss carry forwards 54,758 72,988 Advertising expenses in excess of deduction limit 24,982 709 Deferred revenue 580 910 Total deferred tax assets 80,320 74,607 Less: valuation allowances (80,320 ) (74,607 ) Net deferred tax assets — — The Group does not believe that sufficient positive evidence exists to conclude that the recoverability of deferred tax assets of certain entities of the Group is more likely than not to be realized. Consequently, the Group has provided full valuation allowances on the related deferred tax assets. Balance at January 1 Movement* Balance at December 31 RMB RMB RMB 2018 (45,202 ) (5,297 ) (50,499 ) 2019 (50,499 ) (29,821 ) (80,320 ) 202 0 (80,320 ) 5,713 (74,607 ) * The movement in valuation allowances were due to the changes of deferred tax assets recognized for net operating tax loss carry forwards, advertising expenses in excess of deduction limit and deferred revenue. c) Withholding income tax The enterprise income tax (“EIT”) Law also imposes a withholding income tax of % on dividends distributed by a foreign-invested entity (“FIE”) to its immediate holding company outside of China, if such immediate holding company is considered as a non-resident enterprise without any establishment or place within China or if the received dividends have no connection with the establishment or place of such immediate holding company within China, unless such immediate holding company’s jurisdiction of incorporation has a tax treaty with China that provides for a different withholding arrangement. The Cayman Islands, where the Company incorporated, does not have such tax treaty with China. According to the arrangement between Mainland China and Hong Kong Special Administrative Region on the Avoidance of Double Taxation and Prevention of Fiscal Evasion in August 2006, dividends paid by a FIE in China to its immediate holding company in Hong Kong will be subject to withholding tax at a rate that may be lowered to 5% (if the foreign investor owns directly at least 25% of the shares of the FIE). The State Administration of Taxation (“SAT”) further promulgated Circular 601 on October 27, 2009, which provides that tax treaty benefits will be denied to “conduit” or shell companies without business substance and that a beneficial ownership analysis will be used based on a “substance-over-form” principle to determine whether or not to grant the tax treaty benefits. Further, the SAT promulgated the Notice on Issues Related to the “Beneficial Owner” in Tax Treaties in February 2018, which requires the “beneficial owner” to have ownership and the right to dispose of the income or the rights and properties giving rise to the income and generally engage in substantive business activities and sets forth certain detailed factors in determining the “beneficial owner” status. To the extent that subsidiaries, VIEs and subsidiaries of VIEs of the Group have undistributed earnings, the Company will accrue appropriate expected withholding tax associated with repatriation of such undistributed earnings. As of December 31, 2019 and 2020, the Company did not record any such withholding tax of its subsidiaries, VIEs and subsidiaries of VIEs in the PRC as they are still in accumulated deficit position.

Taxes Payable

Taxes Payable	12 Months Ended
	Dec. 31, 2020
Taxes Payable [Abstract]
Taxes Payable	10 Taxes Payable The Group’s subsidiaries, VIEs and subsidiaries of VIEs incorporated in China are subject to 6% VAT for services rendered. The following is a summary of taxes payable as of December 31, 2019 and 2020: December 31, 2019 December 31, 2020 RMB RMB Cultural development fees 30 — VAT payables 1,258 2,830 Withholding individual income taxes for employees 1,100 1,533 Income tax payable — 999 Others 243 447 Total 2,631 5,809

Short-term loans

Short-term loans	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Short-term loans	1 1 Short-term Loans As of December 31, 2020, the Group has obtained credit facility of RMB50.0 million from SPD Silicon Valley Bank for general operating purpose, pursuant to which the Group borrowed loans with balance of RMB39.5 million as of December 31, 2020 recorded as short-term loans. The weighted average interest rate for the outstanding loans was 7.0% and the aggregate amounts of unused lines of credit for short-term loans were RMB10.5 million as of December 31, 2020. There was no bank loan as of December 31, 2019.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	12 Months Ended
	Dec. 31, 2020
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	12. Accrued Expenses and Other Current Liabilities The following is a summary of accrued expenses and other current liabilities as of December 31, 2019 and 2020: December 31, 2019 December 31, 2020 RMB RMB Advertising and promotional expenses 28,909 33,808 Professional service fees 406 7,719 Payable for property, equipment and leasehold improvement, net 182 1,526 Accrued sales rebates for advertising business 569 3,286 Others 3,663 4,708 Total 33,729 51,047

Cost of Revenues

Cost of Revenues	12 Months Ended
	Dec. 31, 2020
Cost Of Revenues [Abstract]
Cost of Revenues	1 3 Cost of Revenues The following is a summary of cost of revenues for the years ended December 31, 2018, 2019 and 2020: For the year ended December 31, 2018 2019 2020 RMB RMB RMB Revenue sharing fees 527,128 850,167 1,031,903 Salary and welfare benefits 11,750 29,072 41,159 Payment handling costs 7,219 15,573 22,692 Bandwidth costs 3,490 5,702 11,226 Share based compensation expens e — — 14,789 Others 16,047 9,641 12,909 Total 565,634 910,155 1,134,678

Pre-Ipo Preferred Shares

Pre-Ipo Preferred Shares	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Pre-IPO Preferred Shares	1 4 Pre-IPO Preferred Shares Series A, B, C, C1, C1+, D and D1 convertible redeemable preferred shares are collectively referred to as the “Preferred Shares”. Since their inception in 2011, the Group have raised approximately US$61.9 million in equity financing from a group of investors: Series A financing In March 2011, the Group raised an aggregate of US$1,000,000 from the issuance of 10,000,000 Series A preferred shares of the Group to Matrix Partners China I Hong Kong Limited. These 10,000,000 Series A preferred shares were subdivided into 100,000,000 Series A preferred shares at par value of US$0.0001 upon a 1:10 Series B financing In March 2012, the Group raised an aggregate of US$2,500,000 from the issuance of 1,666,666 and 6,666,666 Series B preferred shares of the Group to Morningside China TMT Fund II, L.P. and Matrix Partners China I Hong Kong Limited, respectively. These 8,333,332 Series B preferred shares were subdivided into 83,333,320 Series B preferred shares at par value of US$0.0001 upon a 1:10 In February 2014, the Group raised an aggregated of US$1,000,000 from the issuance of 3,333,333 Series B preferred shares of the Group to Morningside China TMT Fund II, L.P. These 3,333,333 Series B preferred shares were subdivided into 33,333,330 Series B preferred shares at par value of US$0.0001 upon a 1:10 Series C financing In December 2014, the Group issued 1,266,247 and 1,266,247 Series C preferred shares of the Group to Matrix Partners China I Hong Kong and Morningside China TMT Fund II, L.P. upon the conversion of the 2014 Loan, respectively. These 2,532,494 Series C preferred shares were subdivided into 25,324,940 Series C preferred shares at par value of US$0.0001 upon a 1:10 In December 2014, the Group raised an aggregate of US$10,894,477 from the issuance of 5,192,086 and 6,533,753 Series C preferred shares of the Group to Matrix Partners China I Hong Kong and Morningside China TMT Top Up Fund, L.P., respectively. These 11,725,839 Series C preferred shares were subdivided into 117,258,390 Series C preferred shares at par value of US$0.0001 upon a 1:10 Series C1 financing In January 2015, the Group raised an aggregate of US$3,223,675 from the issuance of 1,734,868 and 1,734,868 Series C+ preferred shares of the Group to People Better Limited and Shunwei Internet Limited, respectively. These 3,469,736 Series C1 preferred shares were subdivided into 34,697,360 Series C1 preferred shares at par value of US$0.0001 upon a 1:10 Series C1+ financing In December 2017, the Group issued 2,691,209 Series C1+ preferred shares of the Group to the Group B upon the conversion of the 2016 June and October Loan and the 2017 November Loan. These 2,691,209 Series C1+ preferred shares were subdivided into 26,912,090 Series C1+ preferred shares at par value of US$0.0001 upon a 1:10 Series D financing In June 2017, the Group raised an aggregate of US$22,000,000 from the issuance of 8,810,504 Series D preferred shares of the Group to Cyber Dreamer Limited. These 8,810,504 Series D preferred shares were subdivided into 88,105,040 Series D preferred shares at par value of US$0.0001 upon a 1:10 In July 2017, the Group raised an aggregate of US$10,000,000 from the issuance of 4,004,775 Series D preferred shares of the Group to Cyber Dreamer Limited. These 4,004,775 Series D preferred shares were subdivided into 40,047,750 Series D preferred shares at par value of US$0.0001 upon a 1:10 share split in July 2018. On October 18, 2019, Cyber Dreamer Limited transferred an aggregate of 17,597,981 Series D preferred shares of the Group to a third party. Series D1 financing In July 2017, the Group raised an aggregate of US$5,000,000 from the issuance of 2,002,387 Series D1 preferred shares of the Group to Evolution Media China L.P. These 2,002,387 Series D1 preferred shares were subdivided into 20,023,870 Series D1 preferred shares at par value of US$0.0001 upon a 1:10 The key terms of the Preferred Shares are as follows: Conversion right The Series A, B, C, C1, C1+, D and D1 preferred shares were convertible, at the option of the holders at any time after the original issue date of the relevant series of preferred shares into such number of fully paid and non-assessable pre-offering pre-offering The conversion ratio for each preferred share shall be determined by dividing the issue price by the then conversion price, in effect at the time of the conversion. The conversion price shall initially be equal to the issue price per ordinary share. No adjustment in the conversion price for any series of preferred shares shall be made in respect of the issuance of additional ordinary shares unless the consideration per share for an additional ordinary share issued or deemed to be issued by the Group is less than the conversion price for such series in effect on the date of and immediately prior to such issuance. Redemption right At any time on or after the earlier of: (i) the Redemption Start Date for each series of preferred shares; or (ii) the date on which a holder of any equity securities of the Group has requested a redemption of its shares, and subject to the law, at the option of a holder of the preferred shares, the Group shall redeem all or any part of the outstanding preferred shares held by the requesting holder as elected by such holder out of funds legally available therefor including capital, at the redemption price. “Redemption Start Date” means (i) with respect to the Series C1+, D and D1 preferred shares, December 31, 2020; (ii) with respect to the Series A, B, C and C1 preferred shares, December 31, 2018. The Series A redemption price shall be equal to the greater of (i) an amount equal to: Series A issue price * 2, plus all declared but unpaid dividends thereon up to the date of redemption, proportionally adjusted for share subdivisions, share dividends, reorganizations, reclassifications, consolidations or mergers; or (ii) the fair market value of the Series A Shares, the valuation of which shall be determined through an independent appraisal performed by an appraiser selected jointly by the Board and the holders of at least a majority of outstanding Series A Shares; provided that such valuation shall not take into account any liquidity or minority interest discounts. The Series B redemption price shall be equal to the greater of (i) an amount equal to: Series B issue price * (1.20)N, N = a fraction, the numerator of which is the number of calendar days between the Series B original issue date and the redemption date and the denominator of which is 365, plus all declared but unpaid dividends thereon up to the date of redemption, proportionally adjusted for share subdivisions, share dividends, reorganizations, reclassifications, consolidations or mergers; or (ii) the fair market value of the Series B shares, the valuation of which shall be determined through an independent appraisal performed by an appraiser selected jointly by the Board and the holders of at least a majority of outstanding Series B shares; provided that such valuation shall not take into account any liquidity or minority interest discounts. The Series C redemption price shall be equal to the greater of (i) an amount equal to: Series C issue price * (1.20)N, N = a fraction, the numerator of which is the number of calendar days between the Series C original issue date and the redemption date and the denominator of which is 365, plus all declared but unpaid dividends thereon up to the date of redemption, proportionally adjusted for share subdivisions, share dividends, reorganizations, reclassifications, consolidations or mergers; or (ii) the fair market value of the Series C shares, the valuation of which shall be determined through an independent appraisal performed by an appraiser selected jointly by the Board and the holders of at least a majority of outstanding Series C shares; provided that such valuation shall not take into account any liquidity or minority interest discounts. The Series C1 redemption price shall be equal to the greater of (i) an amount equal to: Series C1 issue price * (1.20)N, N = a fraction, the numerator of which is the number of calendar days between the Series C1 original issue date and the redemption date and the denominator of which is 365, plus all declared but unpaid dividends thereon up to the date of redemption, proportionally adjusted for share subdivisions, share dividends, reorganizations, reclassifications, consolidations or mergers; or (ii) the fair market value of the Series C1 shares, the valuation of which shall be determined through an independent appraisal performed by an appraiser selected jointly by the Board and the holders of at least a majority of outstanding Series C1 shares; provided that such valuation shall not take into account any liquidity or minority interest discounts. The Series C1+ redemption price shall be equal to the greater of (i) an amount equal to: Series C1+ issue price * (1.20)N, N = a fraction, the numerator of which is the number of calendar days between the Series C1+ original issue date and the redemption date and the denominator of which is 365, plus all declared but unpaid dividends thereon up to the date of redemption, proportionally adjusted for share subdivisions, share dividends, reorganizations, reclassifications, consolidations or mergers; or (ii) the fair market value of the Series C1+ shares, the valuation of which shall be determined through an independent appraisal performed by an appraiser selected jointly by the Board and the holders of at least a majority of outstanding Series C1+ shares; provided that such valuation shall not take into account any liquidity or minority interest discounts. The Series D redemption price shall be equal to the greater of (i) an amount equal to: Series D issue price * (1.10)N, N = a fraction, the numerator of which is the number of calendar days between the Series D original issue date and the redemption date and the denominator of which is 365, plus all declared but unpaid dividends thereon up to the date of redemption, proportionally adjusted for share subdivisions, share dividends, reorganizations, reclassifications, consolidations or mergers; or (ii) the fair market value of the Series D shares, the valuation of which shall be determined through an independent appraisal performed by an appraiser selected jointly by the Board and the holders of at least a majority of outstanding Series D shares; provided that such valuation shall not take into account any liquidity or minority interest discounts. The Series D1 redemption price shall be equal to the greater of (i) an amount equal to: Series D1 issue price * (1.10)N, N = a fraction, the numerator of which is the number of calendar days between the Series D1 original issue date and the redemption date and the denominator of which is 365, plus all declared but unpaid dividends thereon up to the date of redemption, proportionally adjusted for share subdivisions, share dividends, reorganizations, reclassifications, consolidations or mergers; or (ii) the fair market value of the Series D1 shares, the valuation of which shall be determined through an independent appraisal performed by an appraiser selected jointly by the Board and the holders of at least a majority of outstanding Series D1 shares; provided that such valuation shall not take into account any liquidity or minority interest discounts. Upon issuance of Series D preferred shares, redemption dates and liquidation prices for Series A, B, C and C1 preferred shares were changed to be aligned with the terms stipulated in the Share Purchase Agreement of Series D preferred shares. Based on the independent valuations, the Group compared the fair value of Series A, B, C and C1 preferred shares immediately before and after the modifications, and it’s determined that the changes of the fair value was lower than 10%, therefore, the changes to redemption dates and liquidation prices should be accounted for as modification to related preferred shares. Dividend rights No dividends or other distributions shall be made or declared, whether in cash, in property, or in any other shares of the Group, unless and until dividends have been paid in full on the Preferred Shares. Liquidation rights After setting aside or paying in full of the Series D and D1 preference amount, the Series C, C1 and C1+ preference amount, the Series B preference amount and the Series A preference amount, the remaining assets of the Group available for distribution to members, if any, shall be distributed to the holders of the preferred shares and ordinary shares on a pro rata basis, based on the number of ordinary shares then held by each holder on an as-converted Voting rights Each Preferred Share confers the right to receive notice of, attend and vote at any general meeting of members. Accounting of Preferred Shares The Group has classified the Preferred Shares in the mezzanine equity of the consolidated balance sheets. In addition, the Group records accretions on the Preferred Shares to the redemption value from the issuance dates to the earliest redemption dates. The accretions are recorded against retained earnings, or in the absence of retained earnings, by charges against additional paid-in paid-in The Group has determined that there was no beneficial conversion feature attributable to all preferred shares because the initial effective conversion prices of these preferred shares were higher than the fair value of the Group’s common shares determined by the Group taking into account independent valuations. The Group has classified all Preferred Shares as mezzanine equity in the consolidated balance sheet as they are contingently redeemable at the options of the holders. The Group’s preferred shares activities for the years ended December 31, 2018, 2019 and 2020 are summarized below:

Share-based Compensation

Share-based Compensation	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-based Compensation	1 5 Share-based Compensation (a) Description of stock incentive plan 2012 Incentive Plan In September 2012, the Group permitted the grant of options of the Company to relevant directors and officers of the Company (“the 2012 Incentive Plan”). Option awards are granted with an exercise price determined by the Board of Directors. Those options awards generally vest over a period of four years. Vested options shall be held by the Chief Executive Officer (“CEO”) of the Company in trust and may be exercised/tra n 2018 Incentive Plan In September 2018 and April 2019, the Group permitted the grant of options and restricted shares of the Company to relevant directors, officers, other employees and consultants of the Company (“the 2018 Incentive Plan”). Option awards are granted with an exercise price determined by the Board of Directors. Those options and restricted shares awards generally vest over a period of four years. Both vested options and restricted shares shall be held by the Chief Executive Officer (“CEO”) of the Company in trust and may be exercised/transferred after the completion of IPO. 2019 Incentive Plan and the Amended and Restated 2019 Share Incentive Plan On May 31, 2019, in connection with the Reorganization in 2019, the board of directors of the Company approved the 2019 Share Incentive Plan (the “2019 Incentive Plan”) whereby the incentive share options and restricted shares granted to employees and non-employees is On March 18, 2020, the 2019 Incentive Plan was further amended and restated, to increase the maximum aggregate number of Class A ordinary shares authorized to issue from 40,000,000 to 100,000,000 (“the Amended and Restated 2019 Share Incentive Plan”). In September 2019, the Company issued 25,428,430 ordinary shares to Kastle Limited and in June 2020, the Company issued 5,000,000 ordinary shares to Futu Securities (Hong Kong) Limited, both of which hold such Class A ordinary shares for the benefit of certain Company’s senior management, directors and employees before the corresponding share awards granted to such senior management, directors and employees are vested or exercised pursuant to the Amended and Restated 2019 Share Incentive Plan. The corresponding share awards granted to such senior management, directors and employees were included in the outstanding options, restricted shares and restricted share units as of December 31, 2020. Share-based compensation recognized for the years ended December 31, 2018, 2019 and 2020 is as follows: For the year ended December 31, 2018 2019 2020 2020 RMB RMB RMB US$ Cost of revenues — — 14,789 2,267 Selling and marketing expenses — — 2,370 363 General and administrative expenses — — 16,128 2,472 Research and development expenses — — 17,454 2,675 Total — — 50,741 7,777 As of December 31, 2019 and 2020, total unrecognized compensation expenses related to unvested awards granted under the Amended and Restated 2019 Share Incentive Plan were RMB million (US$ million) and RMB62.6 million (US$9.6 million), respectively . , and , the weighted average remaining vesting period for share based awards were years and years , . During the year ended December 31, 2018, 2019 and 2020, there was no cash settled equity instrument granted under share-based payment arrangements, and no compensation cost for share-based payment arrangements capitalized as part of the cost of an asset . ( b Stock options activities The following table presents a summary of the Company’s stock options activities for the years ended December 31, 2018, 2019 and 2020. Employees Consultants Total Weighted Remaining Aggregated (in thousands) (in thousands) (in thousands) US$ RMB Outstanding at January 1, 2018 2,950 — 2,950 0.001 — 3,031 Cancelled (2,950 ) — (2,950 ) 0.01 — — Granted 12,766 500 13,266 0.0001 — — Forfeited (101 ) — (101 ) 0.0001 — — Outstanding at December 31, 2018 12,665 500 13,165 0.0001 3.75 20,514 Exercisable as of December 31, 2018 — — — — — — Outstanding at January 1, 2019 12,665 500 13,165 0.0001 3.75 20,514 Cancelled — — — — — — Granted — — — — — — Forfeited (844 ) — (844 ) 0.0001 — — Outstanding at December 31, 2019 11,821 500 12,321 0.0001 2.75 43,011 Exercisable as of December 31, 2019 — — — — — — Outstanding at January 1, 2020 11,821 500 12,321 0.0001 2.75 43,011 Cancelled — — — — — — Granted 32,932 363 33,295 0.0001 — — Exercised (3,235 ) — (3,235 ) 0.0001 — — Forfeited (3,714 ) — (3,714 ) 0.0001 — — Outstanding at December 31, 2020 37,804 863 38,667 0.0001 3.09 48,921 Exercisable as of December 31, 202 0 5,002 250 5,252 0.0001 — 6,644 The granted options awards will be vested over a period from nil to four years. RMB1.44 ( and RMB1.96 ( The following table sets forth the summary of restricted shares activities: Number of Restricted Shares Weighted-Average Grant Date Fair Value (in thousands) US$ January 1, 2018 — — Awarded 14,500 0.21 Vested — — Outstanding at December 31, 2018 14,500 0.21 January 1, 2019 14,500 0.21 Awarded 10,428 0.26 Vested — — Outstanding at December 31, 2019 24,928 0.23 January 1, 2020 24,928 0.23 Awarded 2,607 0.27 Forfeited (7,821 ) 0.26 Vested (9,857 ) 0.22 Outstanding at December 31, 2020 9,857 0.23 The granted restricted shares will be vested over a period from one year to four years. (d) Restricted share units activities (i) Pursuant to the Amended and Restated 2019 Share Incentive Plan, 9,611,020 restricted share units were granted to certain employees in 2020. These restricted share units awards will be vested over a period of four years, with a summary of activities as follows: Number of Restricted Share Weighted-Average Grant Date Fair Value (in thousands) (in thousands) US$ January 1, 2020 — — Awarded 9,611 0.22 Forfeited (5,101 ) 0.24 Vested — — Outstanding at December 31, 2020 4,510 0.20 (ii) Pursuant to the Amended and Restated 2019 Share Incentive Plan, the Company granted restricted share units with fixed monetary amount to certain employees in 2020 with vesting period from one year to four years. These share-settled obligations require that the variable number of shares to be issued based on an average market price for the shares over the last 30 days before each vesting day. As the monetary value of such obligation is predominantly based on a fixed monetary amount known at inception, the obligation is classified as a liability under paragraph 480-10-25-14(a). Upon issuance of the shares to settle the obligation, equity is increased by the amount of the liability with no gain or loss recognized. As of December 31, 2020, 190,160 restricted share units have been vested. There were no restricted share units granted for the years ended December 31, 2018 and 2019. ( e Founders’ shares In accordance with the restricted share agreement dated as of March 7, 2011, all ordinary shares ultimately owned by the Company’s founders became subject to four-year All of the restricted shares were released from the repurchase right upon completion of the IPO in January 2020. The Company accounted for this arrangement similar to a reverse stock split, followed by the grant of restricted stock awards subject to service vesting conditions, though these founders’ shares are legally outstanding from the grant day. Accordingly, compensation cost was measured based on the fair value of the ordinary shares at the grant date and is recognized over the requisite service period.

Net Loss Per Share

Net Loss Per Share	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Net Loss per Share	1 6 Net Loss per Share For the years ended December 31, 2018, 2019 and 2020, the Company had potential ordinary shares, including preferred shares, restricted shares, restricted share units and share options granted. As the Group incurred losses for the years ended December 31, 2018, 2019 and 2020, the following preferred shares, restricted shares and share options granted were anti-dilutive and excluded from the calculation of diluted net loss per share of the Company: For the year ended December 31, 2018 2019 2020 Preferred shares 569,036,090 569,036,090 — Share options — — 2,092,300 Restricted shares — — 3,141,612 Total 569,036,090 569,036,090 5,233,912 Considering that the holders of preferred shares have no contractual obligation to participate in the Company’s losses, any losses from the Group should not be allocated to preferred shares. The following table sets forth the computation of basic and diluted net loss per share for the years ended December 31, 2018, 2019 and 2020: For the year ended December 31, 2018 2019 2020 RMB RMB RMB Numerator: Net loss (9,342 ) (132,957 ) (82,184 ) Less: accretions to preferred shares redemption value (216,185 ) (940,186 ) (154,066 ) Net loss attributable to Lizhi Inc.’s ordinary shareholders (225,527 ) (1,073,143 ) (236,250 ) Denominator: Weighted average number of ordinary shares outstanding, basic 260,000,000 260,000,000 883,202,412 Weighted average number of ordinary shares outstanding, diluted 260,000,000 260,000,000 883,202,412 Weighted average number of ADSs outstanding, basic 13,000,000 13,000,000 44,160,121 Weighted average number of ADSs outstanding, diluted 13,000,000 13,000,000 44,160,121 Basic net loss per share attributable to Lizhi Inc.’s (0.87 ) (4.13 ) (0.27 ) Diluted net loss per share attributable to Lizhi Inc.’s ordinary shareholders (0.87 ) (4.13 ) (0.27 ) Basic net loss per ADSs attributable to Lizhi Inc.’s ordinary shareholders (17.35 ) (82.55 ) (5.35 ) Diluted net loss per ADSs attributable to Lizhi Inc.’s ordinary shareholders (17.35 ) (82.55 ) (5.35 )

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	17. Commitments and Contingencies Litigation From time to time, the Group is involved in claims and legal proceedings that arise in the ordinary course of business. Based on currently available information, management does not believe that the ultimate outcome of any unresolved matters, individually and in the aggregate, is reasonably possible to have a material adverse effect on the Group’s financial position, results of operations or cash flows. However, litigation is subject to inherent uncertainties and the Group’s view of these matters may change in the future. The Group records a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. The Group reviews the need for any such liability on a regular basis. The Group has not See Note 2 )

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent events	18. Subsequent Events In January 2021, the Company, certain of its current and former directors and officers, underwriters and certain other parties were named as defendants in two putative securities class actions filed in the Supreme Court of the State of New York, County of New York and the U.S. District Court for the Eastern District of New York, respectively. The actions are both purportedly brought on behalf of a class of persons who allegedly suffered damages as a result of their trading in the ADSs. Both actions allege that the Registration Statement dated January 16, 2020 contained material misstatements and/or omissions regarding the impact of COVID-19 on the Company in violation of the U.S. Securities Act of 1933. These actions remain in their preliminary stages. Additional complaints related to these claims may be filed in the coming months. The Company are currently unable to estimate the potential loss, if any, associated with the resolution of such lawsuits.

Impact of COVID-19

Impact of COVID-19	12 Months Ended
	Dec. 31, 2020
Uncertain Events [Abstract]
Impact of COVID-19	19. Impact of COVID-19 For the year ended December 31, 2020, COVID-19 has had limited impact on the Group’s operations, including delays or suspension of certain promotional offline activities. There are still uncertainties of COVID-19’s future impact, and the extent of the impact will depend on a number of factors, including the duration and severity of the pandemic; the uneven impact to certain industries; and the macroeconomic impact of government measures to contain the spread of COVID-19 and related government stimulus measures. As a result, the Company cannot reasonably estimate the impact to its future results of operations, cash flows, or financial condition for the remainder of fiscal year 2021.

Fair Value Measurement

Fair Value Measurement	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurement	2 0 Fair Value Measurement Recurring The following table sets forth the Company’s financial instruments measured or disclosed at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2019 and 2020. When available, the Group uses quoted market prices to determine the fair value of an asset or liability. If quoted market prices are not available, the Group will measure fair value using valuation techniques that use, when possible, current market-based or independently sourced market parameters, such as interest rate and currency rate. Fair Value Measurement at December 31, 2020 Using Quoted Prices Significant Other Unobservable Fair Value at RMB RMB RMB RMB US$ Short-term investments — 73,022 — 73,022 11,191 Total — 73,022 — 73,022 11,191 The Company’s other financial instruments including accounts receivable, accounts payables, short-term The Group did not have any financial instruments that were required to be measured at fair value on a recurring basis as of December 31, 2019. Non-r ecurring As of December 31, 2019 and 2020, the group had no financial assets or financial liabilities that are measured at on

Restricted Net Assets

Restricted Net Assets	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Restricted Net Assets	2 1 Restricted Net Assets Relevant PRC laws and regulations permit PRC companies to pay dividends only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. Additionally, the Company’s PRC subsidiaries, VIEs and subsidiaries of VIEs can only distribute dividends upon approval of the shareholders after they have met the PRC requirements for appropriation to the general reserve fund and the statutory surplus fund , after-tax

Additional Information - Conden

Additional Information - Condensed Financial Statements of the Parent Company	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
Additional Information - Condensed Financial Statements of the Parent Company	2 2 Additional Information – Condensed Financial Statements of The Parent Company As mentioned in Note 1, the Company was incorporated in the Cayman Islands in January 2019 and didn’t carry out significant operation activities. Lizhi BVI is the predecessor of the Company, thus, the Company disclosed combined condensed financial statements of the Company and Lizhi BVI (collectively refer to the “Parent company”) as follows: The condensed financial information of the Parent company has been prepared in accordance with SEC Regulation S-X 5-04 12-04, The subsidiaries did not pay any dividend to the Parent company for the years presented. Certain information and footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been condensed and omitted. The footnote disclosures contain supplemental information relating to the operations of the Parent company, as such, these statements are not the general purpose financial statements of the reporting entity and should be read in conjunction with the notes to the consolidated financial statements of the Company. The Parent company did not have significant capital and other commitments or guarantees as of December 31, 2020. Condensed statements of operations and comprehensive loss: For the year ended December 31, 2018 2019 2020 RMB RMB RMB Operation expenses: Selling and marketing expenses — — (1,554 ) General and administrative expenses (1,036 ) (1,883 ) (14,518 ) Total operating expenses (1,036 ) (1,883 ) (16,072 ) Other expenses: Equity in loss of subsidiaries, VIEs and subsidiaries of VIEs (8,183 ) (131,325 ) (66,680 ) Others, net (123 ) 251 568 Net loss (9,342 ) (132,957 ) (82,184 ) Accretions to preferred shares redemption value (216,185 ) (940,186 ) (154,066 ) Net loss attributable to ordinary shareholders (225,527 ) (1,073,143 ) (236,250 ) Net loss (9,342 ) (132,957 ) (82,184 ) Other comprehensive income/(loss): Foreign currency translation adjustments 2,649 671 (6,338 ) Total comprehensive loss (6,693 ) (132,286 ) (88,522 ) Accretions to preferred shares redemption value (216,185 ) (940,186 ) (154,066 ) Total comprehensive loss to ordinary shareholders (222,878 ) (1,072,472 ) (242,588 ) Condensed balance sheets: As of December 31, 2019 2020 RMB RMB ASSETS Current assets: Cash and cash equivalents 16,845 148,922 Prepayments and other current assets — 2,475 Total current assets 16,845 151,397 Non-current assets: Investments in subsidiaries, VIE and subsidiaries of VIE (74,979 ) 27,471 Other non-current assets 6,720 1,470 Total non-current (68,259 ) 28,941 T OTAL ASSETS (51,414 ) 180,338 LIABILITIES Current liabilities Salary and welfare payable — 1,678 Accrued expenses and other current liabilities 27 4,058 Total current liabilities 27 5,736 Non-current Other non-current — 5,411 Total non-current liabilities — 5,411 TOTAL LIABILITIES 27 11,147 MEZZANINE EQUITY Pre-IPO Series A convertible redeemable preferred shares (US$0.0001 par value; 100,000,000 shares authorized, issued and outstanding with redemption value of RMB3.31 and liquidation value of RMB2.93 as of December 31, 2019 ; None authorized, issued and outstanding as of December 31, 2020.) 344,876 — Pre-IPO ; None authorized, issued and outstanding as of December 31, 2020.) 400,476 — Pre-IPO ; None authorized, issued and outstanding as of December 31, 2020.) 485,302 — Pre-IPO ; None authorized, issued and outstanding as of December 31, 2020.) 117,973 — Pre-IPO ; None authorized, issued and outstanding as of December 31, 2020.) 92,966 — Pre-IPO ; None authorized, issued and outstanding as of December 31, 2020.) 438,439 — Pre-IPO ; None authorized, issued and outstanding as of December 31, 2020.) 66,958 — TOTAL MEZZANINE EQUITY 1,946,990 — SHAREHOLDERS’ (DEFICIT)/EQUITY: Ordinary shares (US$0.0001 par value, 930,963,910 and 1,500,000,000 shares authorized as of December 31, 2019 and 2020, respectively, shares issued and shares outstanding as of December 31, 2019, respectively and shares outstanding as of December 31, 2020, respectively) 189 640 Treasury stock (18 ) (12 ) Additional — 2,409,753 Accumulated deficit (2,003,031 ) (2,239,281 ) Accumulated other comprehensive income/(loss) 4,429 (1,909 ) TOTAL SHAREHOLDERS’ (DEFICIT)/EQUITY: (1,998,431 ) 169,191 TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ (DEFICIT)/EQUIT Y (51,414 ) 180,338 Condensed Statements of Cash Flows: For the year ended December 31, 2018 2019 2020 RMB RMB RMB Net cash used in operating activities (991 ) (15,239 ) (8,076 Net cash used in investing activities Cash paid for investments in subsidiaries, VIE and subsidiaries of VIE — (21,094 ) (113,197 ) Net cash used in investing activities — (21,094 ) (113,197 ) Net cash generated from financing activities Proceeds from issuance of ordinary shares, net — — 259,043 Proceeds from exercise of vested share options — — 2 Net cash generated from financing activities — — 259,045 Effect of exchange rate changes on cash, 2,531 941 (5,695 ) Net increase/(decrease) in cash, cash equivalents and restricted cash 1,540 (35,392 ) 132,077 Cash and cash equivalents at beginning of the year 50,697 52,237 16,845 Cash, cash equivalents and restricted cash at end of the year 52,237 16,845 148,922 Basis of presentation The Parent company’s accounting policies are the same as the Group’s accounting policies with the exception of the accounting for the investments in subsidiaries, VIEs and subsidiaries of VIEs. For the Parent company only combined condensed financial information, it records its investments in subsidiaries, VIEs and subsidiaries of VIEs under the equity method of accounting as prescribed in ASC 323, Investments—Equity Method and Joint Ventures. Such investments are presented on the Condensed Balance Sheets as “Investments in subsidiaries, VIEs and subsidiaries of VIEs” and shares in the subsidiaries, VIEs and subsidiaries of VIEs’ loss are presented as “Equity in loss of subsidiaries, VIEs and subsidiaries of VIEs” on the Condensed Statements of Operations and Comprehensive Loss. The parent company only condensed financial information should be read in conjunction with the Group’s consolidated financial statements.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Basis of presentation	a) Basis of presentation The consolidated financial statements of the Group have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Significant accounting policies followed by the Group in the preparation of the accompanying consolidated financial statements are summarized below.
Principles of consolidation	b) Principles of consolidation The consolidated financial statements include the financial statements of the Company, its subsidiaries, VIEs and subsidiaries of VIEs for which the Company is the primary beneficiary. Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting power, has the power to appoint or remove the majority of the members of the board of directors, or to cast a majority of votes at the meeting of the board of directors, or has the power to govern the financial and operating policies of the investee under a statute or agreement among the shareholders or equity holders. A consolidated VIE is an entity in which the Company, or its subsidiary, through contractual arrangements, has the power to direct the activities that most significantly impact the entity’s economic performance, bears the risks of and enjoys the rewards normally associated with ownership of the entity, and therefore the Company or its subsidiary is the primary beneficiary of the entity. All transactions and balances among the Company, its subsidiaries, VIEs and subsidiaries of VIEs have been eliminated upon consolidation.
Use of estimates	c) Use of estimates The preparation of the Group’s consolidated financial statements in conformity with the U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities at the balance sheet date and reported revenues and expenses during the reported years in the consolidated financial statements and accompanying notes. Significant accounting estimates include, but are not limited to, assessment of whether the Group acts as a principal or an agent in different revenue streams, assessment of average user relationship period for podcast business, assessment for the impairment of long-lived assets, valuation allowance of deferred tax assets, determination of the fair value of ordinary shares, preferred shares, and valuation and recognition of share-based compensation expenses.
Functional currency and foreign currency translation	d) Functional currency and foreign currency translation The Group uses Renminbi (“RMB”) as its reporting currency. The functional currency of the Company and its overseas subsidiaries which incorporated in the Cayman Islands, British Virgin Islands, Hong Kong, and Singapore is United States dollars (“US$”). The functional currency of the Group’s PRC entities is RMB. In the consolidated financial statements, the financial information of the Company and other entities located outside of the PRC have been translated into RMB. Assets and liabilities are translated at the exchange rates on the balance sheet date, equity amounts are translated at historical exchange rates, and revenues, and expenses, gains and losses are translated using the average rate for the year. Translation adjustments are reported as foreign currency translation adjustments, and are shown as a component of other comprehensive income/(loss) in the consolidated statements of operations and comprehensive loss. Foreign currency transactions denominated in currencies other than the functional currency are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency using the applicable exchange rates at the balance sheet dates. Net gains and losses resulting from foreign exchange transactions are included in foreign exchange (losses)/gains in the consolidated statements of operations and comprehensive loss.
Convenience Translation	e) Convenience Translation Translations of balances in the consolidated balance sheets, the consolidated statements of operations and comprehensive loss and the consolidated statements of cash flows from RMB into US$ as of and for the year ended December 31, 2020 are solely for the convenience of the reader and were calculated at the rate of US$1.00 = RMB6.5250, representing the noon buying rate in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York on December 31, 2020. No representation is made that the RMB amounts represent or could have been, or could be, converted, realized or settled into US$ at that rate on December 31, 2020, or at any other rate.
Fair value measurements	f) Fair value measurements Accounting guidance defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact , Accounting guidance establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Accounting guidance establishes three levels of inputs that may be used to measure fair value: • Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. • Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical asset or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. • Level 3 applies to asset or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Group’s financial instruments include cash, cash equivalents and restricted cash, short-term investments, accounts receivable, other receivables (included in “Prepayments and other current assets”), accounts payable and other payables (included in “Accrued expenses and other current liabilities”), short-term loans of which the carrying values approximate their fair value. See Note 2 0
Cash and cash equivalents	g) Cash and cash equivalents Cash and cash equivalents mainly represent cash on hand, demand deposits placed with large reputable banks and other financial institutions, and highly liquid investments that are readily convertible to known amounts of cash and with original maturities from the date of purchase with terms of three months or less. As of December 31, 2019 and 2020, there were demand deposits with terms of less than three months denominated in US dollars amounted to approximately amounted respectively. As of December 31, 2019 and 2020, the Group had cash held in accounts managed by online payment platforms such as Alipay and WeChat Pay in connection with the collection of service fees online for a total amount of RMB As of December 31, 2019 and 2020, the Group had approximately RMB64.1 million The Group had no other lien arrangements during the years ended December 31, 2019 and 2020.
Restricted cash	h) Restricted cash Restricted cash represents bank deposits being frozen by the local regulators subject to resolutions of disputes with a vendor and a user of the Group’s platform. As of December 31, 2019 and 2020, such restricted cash balance was and RMB million respectively .
Short-term investments	i) Short-term investments In accordance with ASC 825, for investments in financial instruments with a variable interest rate indexed to the performance of u n
Accounts receivable	j) Accounts receivable The carrying value of accounts receivable is reduced by an allowance that reflects the Group’s best estimate of the amounts that will not be collected. Many factors are considered in estimating the general allowance, including but not limited to reviewing accounts receivable balances, historical bad debt rates, aging analysis, customer credit worthiness and industry trend analysis. The Group also makes specific allowance if there is evidence showing that the receivable is unlikely to be collected. Accounts receivable balances are written off against the allowance when they are determined to be uncollectible.
Property, equipment and leasehold improvement, net	k Property, equipment and leasehold improvement, net Property, equipment and leasehold improvement are stated at cost less accumulated depreciation and impairment, if any. Depreciation is computed using the straight-line method over the following estimated useful lives: Electronic equipment 3 years Furniture and office equipment 5 years Vehicles 4 years Leasehold improvement shorter of expected lives of leasehold improvement and Expenditures for maintenance and repairs are expensed as incurred. The gain or loss on the disposal of property, equipment and leasehold improvement is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the consolidated statements of operations and comprehensive loss.
Intangible assets, net	l Intangible assets, net Intangible assets mainly consist of copyright, software, trademark and others. Identifiable intangible assets are carried at acquisition cost less accumulated amortization and impairment loss, if any. Finite-lived intangible assets are tested for impairment if impairment indicators arise. Amortization of finite-lived intangible assets is computed using the straight-line method over their estimated useful lives, which are as follows: Copyright 1-3 years Software 1- 5 Trademark and others 3- 5
Impairment of long-lived assets	m Impairment of long-lived assets Long-lived assets are evaluated for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be fully recoverable or that the useful life is shorter than the Group had originally estimated. When these events occur, the Group evaluates the impairment for the long-lived assets by comparing the carrying value of the assets to an estimate of future undiscounted cash flows expected to be generated from the use of the assets and their eventual disposition. If the sum of the expected future undiscounted cash flows is less than the carrying value of the assets, the Group recognizes an impairment loss based on the excess of the carrying value of the assets over the fair value of the assets. No impairment charge was recognized for any of the years presented.
Revenue recognition	n Revenue recognition The Group’s revenues comprise audio entertainment revenue, podcast, advertising and other revenue The Group adopted ASC Topic 606, “Revenue from Contracts with Customers” for all years presented. Consistent with the criteria of Topic 606, the Group recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to receive in exchange for those goods or services using the five steps defined under ASC Topic 606. Audio entertainment revenue The Group is principally engaged in operating its own audio entertainment live streaming platform, which enable hosts and users to interact with each other during audio entertainment live streaming services. Audio entertainment revenue is generated from sales of virtual items on the platform. The Group has a recharge system for users to purchase the Group’s virtual currency which is then used to purchase virtual items for use. Users can recharge via bank transfer and various online third-party payment platforms, including AliPay, WeChat Pay and other payment platforms. Virtual currency is non-refundable The Group engages hosts to provide audio entertainment live streaming services. The Group shares a portion of the sales proceeds of virtual items (“revenue sharing fee”) with hosts and their respective guilds in accordance with their audio entertainment live streaming service agreements. The Group evaluates and determines that it is the principal and views users to be its customers. The Group reports audio entertainment revenues on a gross basis. Accordingly, the amounts billed to users are recorded as revenues and revenue sharing fee paid to hosts and their respective guilds are recorded as cost of revenues. Where the Group is the principal, it controls the virtual items before they are transferred to users. Its control is evidenced by the Group’s sole ability to monetize the virtual items before they are transferred to users, and is further supported by the Group being primarily responsible to users and having a level of discretion in establishing pricing. The Group designs, creates and offers various virtual items for sale to users with pre-determined Revenue related to each consumable item is a single performance obligation provided on a consumption basis and is recognized at the point in time when the virtual item is transferred directly to the users and consumed by them. Revenue related to time-based virtual items is recognized ratably over the contract period. During the years ended December 31, 2018, 2019 and 2020, the weighted average contract period for the time-based virtual items purchased were 33 days, , Podcast revenue The Group provides users certain subscription services which entitle paying subscribers access to listen to specific podcast content on the platform. The subscription fee is time-based and is collected upfront from subscribers. The receipt of subscription fee is initially recorded as deferred revenue. The Group satisfies its performance obligation by providing services throughout the estimated average user relationship period as the subscription period is generally perpetual. Revenue is recognized ratably over the estimated average user relationship period. The estimated average user relationship period is based on data collected from those paying users who have subscribed to podcast content. The Group estimates the average user relationship period for a podcast content to be the date a user subscribes to it through the date the Group estimates the paying user listens to the content for the last time. The determination of the estimated average user relationship period is based on the Group’s best estimate that takes into account all known and relevant information at the time of assessment. Any adjustments arising from changes in the estimated average user relationship period as a result of new information will be accounted as a change in accounting estimate in accordance with ASC 250 Accounting Changes and Error Corrections The podcast contents are licensed by broadcasters to the Group. The Group records revenue on a gross basis considering the Group: (i) is the primary obligor in the arrangement; (ii) has latitude in establishing the selling price. Key revenue streams are as below: For the year ended December 31, 2018 2019 2020 RMB RMB RMB Audio entertainment 785,101 1,167,934 1,481,120 Podcast, advertising and others 13,460 12,663 21,788 Total 798,561 1,180,597 1,502,908 Contract liabilities primarily consist of deferred revenue which comprises unconsumed virtual currency, unamortized revenue from time-based virtual items and unamortized subscription fees for podcast services: January 1, 2018 December 31, 2018 December 31, 2019 December 31, 2020 Deferred revenue 5,878 10,668 14,530 17,001 During the years ended December 31, 2018, 2019 and 2020, the Group recognized revenue amounted to RMB5.2 million , 9.9 million, respectively that was included in the corresponding opening deferred revenue balance at January 1, 2018, December 31, 2018 and 2019. During the years ended December 31, 2018, 2019 and 2020, the Advertising revenue The Group generates advertisement revenues from rendering of various forms of advertisement services by way of advertisement display on its audio entertainment live streaming platform. Advertisements on the Group’s platform are generally charged on the basis of duration whereby revenue is recognized ratably over the contract period of display. The Group provides sales incentives in the forms of discounts and rebates to advertisement agencies based on purchase volume. Revenue is recognized based on the price charged to the advertisers or agencies, net of sales incentives provided to the agencies. Sales incentives are recorded at the time of revenue recognition based on the contracted rebate rates and contract amount. The accounts receivable arises primarily from its advertising customers. December 31, 2019 December 31, 2020 Accounts receivable 2,979 8,361 Please see Note 4 for additional information There were no material contract assets as of December 31, 2019 and 2020. Practical Expedients The Group has used the following practical expedients as allowed under ASC Topic 606: (i) The transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied has not been disclosed, as substantially all of the Group’s contracts have an original expected duration of one year or less. (ii) Payment terms and conditions vary by contract type, although terms generally include a requirement of prepayment or payment within one year or less. The Group has determined that its contracts generally do not include a significant financing component. (iii) Costs to obtain a contract with a customer were expensed as incurred when the amortization period would have been one year or less.
Deferred revenue	o) Deferred revenue Deferred revenue primarily consists of unconsumed virtual currency, unamortized revenue from time-based virtual items and unamortized subscription fees for podcast contents in the Group’s platform, where there is still an obligation to be provided by the Group, which will be recognized as revenue when all of the revenue recognition criteria are met.
Cost of revenue	p) Cost of revenue Amounts recorded as cost of revenue relate to direct expenses incurred in order to generate revenue. Such costs are recorded as incurred. Cost of revenues, consists primarily of revenue sharing fees, salary and welfare benefits, payment handling costs, bandwidth costs and other costs. Revenue sharing fees represent the Company’s payments to hosts or guilds based on a percentage of revenue from sales of virtual items and certain performance based incentives.
Research and development expenses	q Research and development expenses Research and development expenses mainly consist of salary and welfare benefits and bandwidth costs incurred for the development and enhancement to the Company’s websites and platform of applications.
Selling and marketing expenses	r Selling and marketing expenses Selling and marketing expenses consist primarily of advertising and promotional expenses, salary and welfare benefits to the Group’s sales and marketing personnel. Advertising and promotional expenses consist primarily of costs for the promotion of corporate i m For the years ended December 31, 2018, 2019 and 2020, advertising and promotional expenses were RMB106.1 million,
Leases	s Leases Adoption of the New Lease Accounting Standard In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2016-02, Leases 2016-02”). The Group has elected to utilize the package of practical expedients at the time of adoption, which allows the Group to (1) not reassess whether any expired or existing contracts are or contain leases, (2) not reassess the lease classification of any expired or existing leases, and (3) not reassess initial direct costs for any existing leases. The Company also has elected to utilize the short-term lease recognition exemption and, for those leases that qualified, the Group did not recognize operating lease right-of-use Upon the adoption of the new guidance on January 1, 2020, the Group recognized operating lease ROU assets and operating lease liabilities of RMB million million non-current million The Group determines if an arrangement is a lease and determines the classification of the lease, as either operating or finance, at commencement. The Group has operating leases for office buildings and has no finance leases as of December 31, 2020. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the lease payments over the lease term at commencement date. As the Group’s leases do not provide an implicit rate, an incremental borrowing rate is used based on the information available at the commencement date, to determine the present value of lease payments. The incremental borrowing rate approximates the rate the Group would pay to borrow in the currency of the lease payments for the weighted-average life of the lease. The operating lease ROU assets also include any lease payments made prior to lease commencement and exclude lease incentives and initial direct costs incurred if any. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Group will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. The Group’s lease agreements contain both lease and non-lease
Government grants	t) Government grants Government grants represent cash subsidies received from the PRC government by the Group. Government grants are in connection with the Group’s contributions to research and development activities, and tax refunds in local business districts.
Share-based compensation	u Share-based compensation Share based compensation expenses arise from share based awards, including share options for the purchase of ordinary shares, restricted shares and restricted share units. The Company accounts for share-based awards granted to employee and non-employee in accordance with ASC 718 Stock Compensation. Share-based compensation expenses are recognized in the consolidated financial statements based on their grant date fair values. The fair value of share option is affected by the fair value of ordinary shares as well as assumptions regarding a number of complex and subjective variables, including the expected volatility of the fair value of ordinary shares, actual and projected employee share option exercise behavior, risk-free interest rates and expected dividends. The fair value of restricted share, restricted share units and share options with little to no exercise price, are generally measured as the grant date price of the Company’s ordinary shares. Prior to the IPO in January 2020, the fair value of the Company’s ordinary shares was assessed using the income approach/discounted cash flow method, with a discount for lack of marketability, given that the shares underlying the awards were not publicly traded at the time of grant. With the completion of the IPO, it is no longer necessary to estimate the fair value of ordinary shares as the market price of its publicly traded ADSs is used as an indicator of fair value of the ordinary shares. The Company has never declared or paid any cash dividends on its capital stock, and the Group does not anticipate any dividend payments in the foreseeable future. The contractual term is the contract life of the options. The Group estimated the risk free interest rate based on the market yield of US Government Bonds with maturities of ten years as of the valuation date, plus a country default risk spread between China and US. For options granted in the year ended December 31, 2018, the expected and weighted average volatility was 56.38%, risk-free rate was 3.05%, maximum contractual term was 10 years, and enterprise value per ordinary share was US$0.21. No share option was granted for the year ended December 31, 2019, and all share options granted in 2020 were with little to no exercise price for which fair value was measured as the grant date price of the Company’s ordinary shares. Share-based compensation expenses are recorded net of actual forfeitures. For a cliff-vesting award or award with graded-vesting features and service conditions only, the Company uses straight-line method to recognize compensation cost over the total requisite service period for the entire award. For an award with performance and/or service condition that affects vesting, the performance and/or service condition is not considered in determining the award’s fair value on the grant date. The Company recognizes compensation expenses for awards with performance conditions if and when the Company concludes that it is probable that the performance condition will be achieved, net of actual pre-vesting forfeitures over the requisite service period, using graded-vesting method. The Company reassesses the probability of vesting at each reporting period for awards with performance conditions and adjusts compensation expenses based on its probability assessment, unless on certain situations, the Company may not be able to determine that it is probable that a performance condition will be satisfied until the event occurs.
Employee benefits	v Employee benefits PRC Contribution Plan Full time employees of the Group in the PRC participate in a government mandated defined contribution plan, pursuant to which certain pension benefits, medical care, employee housing fund and other welfare benefits are provided to the employees. Chinese labor regulations require that the PRC subsidiaries, VIEs and subsidiaries of VIEs of the Group make contributions to the government for these benefits based on c e The total amounts of such employee benefit expenses, which were expensed as incurred, were approximately RMB20.6 million, ended December 31, 2018, 2019 and 2020, respectively
Taxation	w Taxation Income taxes Current income taxes are provided on the basis of income/(loss) for financial reporting purposes, adjusted for income and expense items which are not assessable or deductible for income tax purposes, in accordance with the regulations of the relevant tax jurisdictions. Uncertain tax positions In order to assess uncertain tax positions, the Group applies a more likely than not threshold and a two-step two-step December 31, 2018, 2019 and 2020
Related parties	x Related parties Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or significant influence, such as a family member or relative, shareholder, or a related corporation.
Net loss per share	y Net loss per share Loss per share is computed in accordance with ASC 260, Earnings per Share. The two-class two-class two-class Basic net loss per share is computed using the weighted average number of ordinary shares outstanding during the period. Diluted net loss per share is computed using the weighted average number of ordinary shares and potential ordinary shares outstanding during the period under treasury stock method. Potential ordinary shares include options to purchase ordinary shares and preferred shares, unless they were anti-dilutive. The computation of diluted net income/(loss) per share does not assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect (i.e. an increase in earnings per share amounts or a decrease in loss per share amounts) on net income/(loss) per share.
Statutory reserves	z Statutory reserves In accordance with China’s Company Laws, the Company’s VIEs and subsidiaries of VIEs in PRC must make appropriations from their after-tax non-distributable after-tax Pursuant to the laws applicable to China’s Foreign Investment Enterprises, the Company’s subsidiary that is a foreign investment enterprise in China have to make appropriations from their after-tax The Group has not appropriated any amount to statutory reserves for the years ended December 31, 2019 and 2020, because the Company’s subsidiary, VIEs and subsidiaries of VIEs were in the position of accumulated deficit as of December 31, 2019 and 2020.
Comprehensive loss	aa Comprehensive loss Comprehensive loss is defined to include all changes in (deficit) /equity
Segment reporting	bb) Segment reporting The Group uses the management approach in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Group’s chief operating decision maker (“CODM”) for making operating decisions, allocating resources and assessing performance as the source for determining the Group’s reportable segments. The Group has internal reporting of revenue, cost and expenses by nature as a whole. Hence, the Group has one operating segment, as that term is defined by FASB ASC Topic 280, Segment reporting. The Group’s organizational structure is based on a number of factors that the CODM uses to evaluate, view and run its business operations which include, but not limited to, customer base, homogeneity of products and technology. Substantially all revenues are derived from China based on the geographical locations where services are provided to customers. In addition, the Group’s long-lived assets are substantially located in China. Therefore, no geographical segments are presented.
Concentration and credit risk	cc Concentration and credit risk Advertising and promotional service providers The Group relied on advertising and promotional service providers and their affiliates to promote its platfo r For the year ended December 31, 2018 2019 2020 Total number of advertising and promotional service providers 245 236 203 Number of service providers that accounted for 10% or more of the Group’s advertising and promotional expenses — 2 3 Total percentage of the Group’s advertising and promotional expenses that were paid to these service providers who accounted for 10% or more of the Group’s advertising and promotional service expenses — 36.0 % 38.1% Credit risk Financial instruments that potentially subject the Group to the concentration of credit risk consist of cash and cash equivalents, restricted cash, short-term investments and accounts receivable. As of December 31, 2019 and 2020, substantially all of the Group’s cash and cash equivalents, restricted cash and short-term investments were held in major financial institutions located, which management consider being of high credit quality. Accounts receivable is typically unsecured and is generally derived from revenue earned from advertising business. Major customers for advertising business There were two and two customers December 31, December 31, Customer A 48.3 % — Customer B 50.3 % 68.3 % Customer C — 21.5 %
Recently issued accounting pronouncements	dd Recently issued accounting pronouncements The Group qualifies as an “emerging growth company”, or “EGC”, pursuant to the Jumpstart Our Business Startups Act of 2012, as amended, or the JOBS Act. As an EGC, the Group does not need to comply with any new or revised financial accounting standards until such date that a private company is otherwise required to comply with such new or revised accounting standards. Recent accounting pronouncements not yet adopted In June 2016, the FASB amended guidance related to the impairment of financial instruments as part of ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which was further amended by ASU 2019-10 in November 2019, for public business entities that meet the definition of an U.S. Securities and Exchange Commission (“SEC”) filer, excluding entities eligible to be SRCs as defined by the SEC, the amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For all other entities, the amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. All entities may adopt the amendments in this update earlier as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The guidance replaces the incurred loss impairment methodology with an expected credit loss model for which a company is required to recognize an allowance based on its estimate of expected credit loss. The Group is currently evaluating the impact of this new guidance on its consolidated financial statements.

Organization and Reorganizati_2

Organization and Reorganization (Tables)	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Major Subsidiaries Consolidated Vies and Vies Subsidiaries	As of December 31, 2020, the Company’s consolidated subsidiaries, VIEs and subsidiaries of VIEs are as follows: Major Subsidiaries Place and year of incorporation Percentage of direct or indirect Principal activities Lizhi Inc. (“Lizhi BVI”) British Virgin 100 Investment holding Lizhi Holding Limited (“Lizhi HK”) Hong Kong, China 100 Investment holding Beijing Hongyiyichuang Information Technology Co., Ltd. (“Hongyi Technology”) Beijing, China 100 Technical support and consulting services TIYA INC. (“Tiya Cayman”) Cayman Islands, 100 Investment holding TIYA INC. (“Tiya BVI”) British Virgin 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, China Y2019 100 Technical support and consulting services Tiya Inc. USA Y2020 100 Audio entertainment business and others Major VIEs Place and year of incorporation/ acquisition Percentage of direct or indirect Principal activities Guangzhou Lizhi Network Technology Co., Ltd. (“Guangzhou Lizhi”) Guangzhou, China 100 Audio entertainment, and podcast, advertising and other business Guangzhou Huanliao Network Technology Co., Ltd. Guangzhou, China 100 Audio entertainment business and others Major subsidiaries of VIEs Place and year of incorporation Percentage of direct or indirect 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
Summary of Variable Interest Entities	The following combined financial information of the Group’s VIEs as of December 31, 2019 and 2020 and for the years ended December 31, 2018, 2019 and 2020 was included in the accompanying consolidated financial statements of the Group as follows: As of December 31, As of December 31, 2019 2020 RMB RMB ASSETS Current assets: Cash and cash equivalents 42,056 148,979 Short-term investments — 73,022 Restricted cash — 3,695 Accounts receivable, net 2,979 2,642 Prepayments and other current assets 10,825 13,190 Amount due from the subsidiaries of the Grou p — 500 Total current assets 55,860 242,028 Non-current Property, equipment and leasehold improvement, net 32,106 34,342 Intangible assets, net 1,701 2,929 Right-of-use — 3,841 Other non-current 2,133 711 Total non-current 35,940 41,823 TOTAL ASSETS 91,800 283,851 Current liabilities: Accounts payable 72,164 73,986 Deferred revenue 14,381 16,226 Salary and welfare payable 66,810 88,464 Taxes payable 2,592 4,559 Short-term loans — 39,508 Lease liabilities due within one year — 3,542 Accrued expenses and other current liabilities 32,108 41,559 Amount due to the subsidiaries of the Group 186,979 385,583 Total current liabilities 375,034 653,427 Non-current Lease liabilities — 587 Total non-current — 587 TOTAL LIABILITIES 375,034 654,014 For the year ended December 31, December 31, December 31, 2018 2019 2020 RMB RMB RMB Net revenues 798,561 1,179,468 1,456,190 Net loss (456 ) (116,891 ) (84,441 ) For the year ended December 31, December 31, December 31, 2018 2019 2020 RMB RMB RMB Net cash generated from/(used in) 21,262 (73,015 ) 17,425 Net cash used in investing activities (17,375 ) (29,164 ) (94,559 ) Net cash generated from financing activities 70,802 38,854 187,752 Net increase/(decrease) in cash, cash equivalents and restricted cash 74,689 (63,325 ) 110,618

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of Accounting Policies [Line Items]
Summary of Property Plant Equipment Estimated Useful Lives	Depreciation is computed using the straight-line method over the following estimated useful lives: Electronic equipment 3 years Furniture and office equipment 5 years Vehicles 4 years Leasehold improvement shorter of expected lives of leasehold improvement and
Summary of Finite Lived Intangible Assets Useful Lives	Amortization of finite-lived intangible assets is computed using the straight-line method over their estimated useful lives, which are as follows: Copyright 1-3 years Software 1- 5 Trademark and others 3- 5
Summary of Key Revenue Streams	Key revenue streams are as below: For the year ended December 31, 2018 2019 2020 RMB RMB RMB Audio entertainment 785,101 1,167,934 1,481,120 Podcast, advertising and others 13,460 12,663 21,788 Total 798,561 1,180,597 1,502,908
Summary of Contract Liabilities Consist of Deferred Revenue	Contract liabilities primarily consist of deferred revenue which comprises unconsumed virtual currency, unamortized revenue from time-based virtual items and unamortized subscription fees for podcast services: January 1, 2018 December 31, 2018 December 31, 2019 December 31, 2020 Deferred revenue 5,878 10,668 14,530 17,001
Summary of Accounts Receivable	The accounts receivable arises primarily from its advertising customers. December 31, 2019 December 31, 2020 Accounts receivable 2,979 8,361
Service Provider Concentration Risk [Member]
Disclosure of Accounting Policies [Line Items]
Summary of Advertising and Promotional Service Providers Details	For the year ended December 31, 2018 2019 2020 Total number of advertising and promotional service providers 245 236 203 Number of service providers that accounted for 10% or more of the Group’s advertising and promotional expenses — 2 3 Total percentage of the Group’s advertising and promotional expenses that were paid to these service providers who accounted for 10% or more of the Group’s advertising and promotional service expenses — 36.0 % 38.1%
Accounts Receivable [Member]
Disclosure of Accounting Policies [Line Items]
Summary of Advertising and Promotional Service Providers Details	There were two and two customers December 31, December 31, Customer A 48.3 % — Customer B 50.3 % 68.3 % Customer C — 21.5 %

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2020
Cash and Cash Equivalents [Abstract]
Summary of Cash and Cash Equivalents	The following is a summary of cash and cash equivalents: December 31, 2019 December 31, 2020 RMB RMB Cash and cash equivalents: RMB 42,358 152,032 US$ 40,241 161,663 Others 110 1,764 Total cash and cash equivalents 82,709 315,459

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Credit Loss, Additional Improvements [Abstract]
Summary of Accounts Receivable Net	December 31, 2019 December 31, 2020 RMB RMB Accounts receivable, gross: 2,979 8,361 Less: allowance for doubtful accounts — — Accounts receivable, net 2,979 8,361

Prepayments and Other Current_2

Prepayments and Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepayments and Other Current Assets	The following is a summary of prepayments and other current assets: December 31, 2019 December 31, 2020 RMB RMB Deposits 3,542 3,509 Prepaid service fees 8,784 5,234 Prepaid promotional expenses 381 3,971 Staff advances 292 141 Receivables from third-party online payment platform 1,553 1,511 Deductible Value Added Tax (“VAT”) 1,893 1,283 Others 2,329 3,722 Total 18,774 19,371

Property, Equipment and Lease_2

Property, Equipment and Leasehold Improvement, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Summary of Property Plant and Equipment	The following is a summary of property, equipment and leasehold improvement, net: December 31, 2019 December 31, 2020 RMB RMB Electronic equipment 46,478 65,352 Furniture and office equipment 1,382 1,530 Vehicles 989 597 Leasehold improvement 4,466 5,392 Total property, equipment and leasehold improvement 53,315 72,871 Less: accumulated depreciation (20,928 ) (38,353 ) Property, equipment and leasehold improvement, net 32,387 34,518

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Finite Lived Intangible Assets	The following table summarizes the Group’s intangible as s December 31, 2019 December 31, 2020 RMB RMB Gross carrying amount Copyright 8,547 8,488 Software 1,370 2,851 Trademark and others 1,053 2,446 Total gross carrying amount 10,970 13,785 Less: accumulated amortization Copyright (8,308 ) (8,468 ) Software (735 ) (1,503 ) Trademark and others (226 ) (885 ) Total accumulated amortization (9,269 ) (10,856 ) Intangible assets, net 1,701 2,929
Summary of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated amortization expenses for each of the following five years are as follows: Amortization expense of intangible assets RMB 2021 1,182 2022 932 2023 513 2024 206 2025 96

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Summary of Supplemental Information Related To Operating Leases	December 31, 2020 RMB Operating lease ROU assets 4,282 Operating lease liabilities-non-current (587 ) Operating lease liabilities-current (3,709 ) Total operating lease liabilities (4,296 ) Weighted average remaining lease term 1.3 years Weighted average discount rate 7.0 %
Summary of Lease, Cost	Operating lease cost was RMB8.9 million for the year ended December 31, 2020. For the year ended December 31, 2020, no lease cost was capitalized. Supplemental cash flow information related to operating leases was as follows: December 31, 2020 RMB Cash paid for operating leases 8,867 Right-of-use assets obtained in exchange for operating lease liabilities 12,851
Summary of Lessee, Operating Lease, Liability, Maturity	A summary of maturity of operating lease liabilities under the Group’s non-cancellable December 31, 2020 RMB 2021 3,854 2022 409 2023 239 Total lease payment 4,502 Less: interest (206 ) Present value of operating lease liability 4,296

Taxation (Tables)

Taxation (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Summary of Income Tax Reconciliation	The following table presents a reconciliation of the differences between the statutory income tax rate and the Company’s effective income tax rate for the years ended December 31, 2019 and 2020: For the year ended December 31, 2018 2019 2020 % % % Statutory income tax rate of the PRC 25.0 25.0 25.0 Tax rate difference from preferential tax treatments and statutory rate in other jurisdictions (5.3 ) (7.4 ) (16.3 ) Super deduction on research and development expenses 88.1 8.7 30.0 Non-deductible share-based compensation expenses — — (9.2 ) Other permanent differences (32.7 ) (3.1 ) (3.9 ) Change in valuation allowances (75.1 ) (23.2 ) (26.8 ) Effective income tax rate — — (1.2 )
Summary of Operating Loss Carry Forward	As of December 31, 2020, certain entities of the Company had net operating tax loss carry forwards as follows: RMB Loss expiring in 2021 4,924 Loss expiring in 2022 8,084 Loss expiring in 2023 5,620 Loss expiring in 2024 28,827 Loss expiring in 2025 23,473 Loss expiring in 2026 21,409 Loss expiring in 2027 15,141 Loss expiring in 2028 47,863 Loss expiring in 2029 147,040 Loss expiring in 2030 156,066 458,447
Summary of Significant Components of Deferred Tax Assets	The following table presents the tax impact of significant temporary differences that give rise to the deferred tax assets and liabilities as of December 31, 2019 and 2020: December 31, 2019 December 31, 2020 RMB RMB Deferred tax assets: Net operating tax loss carry forwards 54,758 72,988 Advertising expenses in excess of deduction limit 24,982 709 Deferred revenue 580 910 Total deferred tax assets 80,320 74,607 Less: valuation allowances (80,320 ) (74,607 ) Net deferred tax assets — —
Summary of Movement of Valuation Allowance	The following table sets forth the movement of the aggregate valuation allowances for deferred tax assets for the years presented: Balance at January 1 Movement* Balance at December 31 RMB RMB RMB 2018 (45,202 ) (5,297 ) (50,499 ) 2019 (50,499 ) (29,821 ) (80,320 ) 202 0 (80,320 ) 5,713 (74,607 )

Taxes Payable (Tables)

Taxes Payable (Tables)	12 Months Ended
	Dec. 31, 2020
Taxes Payable [Abstract]
Summary of Taxes Payable	The following is a summary of taxes payable as of December 31, 2019 and 2020: December 31, 2019 December 31, 2020 RMB RMB Cultural development fees 30 — VAT payables 1,258 2,830 Withholding individual income taxes for employees 1,100 1,533 Income tax payable — 999 Others 243 447 Total 2,631 5,809

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Payables and Accruals [Abstract]
Summary of Accrued Expenses and Other Current Liabilities	The following is a summary of accrued expenses and other current liabilities as of December 31, 2019 and 2020: December 31, 2019 December 31, 2020 RMB RMB Advertising and promotional expenses 28,909 33,808 Professional service fees 406 7,719 Payable for property, equipment and leasehold improvement, net 182 1,526 Accrued sales rebates for advertising business 569 3,286 Others 3,663 4,708 Total 33,729 51,047

Cost of Revenues (Tables)

Cost of Revenues (Tables)	12 Months Ended
	Dec. 31, 2020
Cost Of Revenues [Abstract]
Summary of Cost Revenues	The following is a summary of cost of revenues for the years ended December 31, 2018, 2019 and 2020: For the year ended December 31, 2018 2019 2020 RMB RMB RMB Revenue sharing fees 527,128 850,167 1,031,903 Salary and welfare benefits 11,750 29,072 41,159 Payment handling costs 7,219 15,573 22,692 Bandwidth costs 3,490 5,702 11,226 Share based compensation expens e — — 14,789 Others 16,047 9,641 12,909 Total 565,634 910,155 1,134,678

Pre-Ipo Preferred Shares (Table

Pre-Ipo Preferred Shares (Tables)	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Summarized Group of Preferred Shares Activities	Series A Preferred Shares Series B Preferred Shares Series C Preferred Shares Series C1 Preferred Shares Series C1+ Preferred Shares Series D Preferred Shares Series D1 Preferred Shares Mezzanine Equity Number of shares Amount Number of shares Amount Number of shares Amount Number of shares Amount Number of shares Amount Number of shares Amount Number of shares Amount Total number of shares Total RMB RMB RMB RMB RMB RMB RMB RMB Balance as of January 1, 2018 100,000,000 121,421 116,666,650 145,691 142,583,330 190,190 34,697,360 46,081 26,912,090 38,556 128,152,790 216,960 20,023,870 31,720 569,036,090 790,619 Accretions to Preferred Shares redemption value — 43,312 — 49,731 — 58,960 — 14,352 — 10,983 — 33,138 — 5,709 — 216,185 Balance as of December 31, 2018 100,000,000 164,733 116,666,650 195,422 142,583,330 249,150 34,697,360 60,433 26,912,090 49,539 128,152,790 250,098 20,023,870 37,429 569,036,090 1,006,804 Balance as of January 1, 2019 100,000,000 164,733 116,666,650 195,422 142,583,330 249,150 34,697,360 60,433 26,912,090 49,539 128,152,790 250,098 20,023,870 37,429 569,036,090 1,006,804 Accretions to Preferred Shares redemption value — 180,143 — 205,054 — 236,152 — 57,540 — 43,427 — 188,341 — 29,529 — 940,186 Balance as of December 31, 2019 100,000,000 344,876 116,666,650 400,476 142,583,330 485,302 34,697,360 117,973 26,912,090 92,966 128,152,790 438,439 20,023,870 66,958 569,036,090 1,946,990 Balance as of January 1, 2020 100,000,000 344,876 116,666,650 400,476 142,583,330 485,302 34,697,360 117,973 26,912,090 92,966 128,152,790 438,439 20,023,870 66,958 569,036,090 1,946,990 Accretions to Preferred Shares redemption value — 29,021 — 33,342 — 38,707 — 9,424 — 7,015 — 31,610 — 4,947 — 154,066 Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO (100,000,000 ) (373,897 ) (116,666,650 ) (433,818 ) (142,583,330 ) (524,009 ) (34,697,360 ) (127,397 ) (26,912,090 ) (99,981 ) (128,152,790 ) (470,049 ) (20,023,870 ) (71,905 ) (569,036,090 ) (2,101,056 ) Balance as of December 31, 2020 — — — — — — — — — — — — — — — —

Share-based Compensation (Table

Share-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Summary of Share.Based Compensation	Share-based compensation recognized for the years ended December 31, 2018, 2019 and 2020 is as follows: For the year ended December 31, 2018 2019 2020 2020 RMB RMB RMB US$ Cost of revenues — — 14,789 2,267 Selling and marketing expenses — — 2,370 363 General and administrative expenses — — 16,128 2,472 Research and development expenses — — 17,454 2,675 Total — — 50,741 7,777
Summary of Stock Option Awards Outstanding	The following table presents a summary of the Company’s stock options activities for the years ended December 31, 2018, 2019 and 2020. Employees Consultants Total Weighted Remaining Aggregated (in thousands) (in thousands) (in thousands) US$ RMB Outstanding at January 1, 2018 2,950 — 2,950 0.001 — 3,031 Cancelled (2,950 ) — (2,950 ) 0.01 — — Granted 12,766 500 13,266 0.0001 — — Forfeited (101 ) — (101 ) 0.0001 — — Outstanding at December 31, 2018 12,665 500 13,165 0.0001 3.75 20,514 Exercisable as of December 31, 2018 — — — — — — Outstanding at January 1, 2019 12,665 500 13,165 0.0001 3.75 20,514 Cancelled — — — — — — Granted — — — — — — Forfeited (844 ) — (844 ) 0.0001 — — Outstanding at December 31, 2019 11,821 500 12,321 0.0001 2.75 43,011 Exercisable as of December 31, 2019 — — — — — — Outstanding at January 1, 2020 11,821 500 12,321 0.0001 2.75 43,011 Cancelled — — — — — — Granted 32,932 363 33,295 0.0001 — — Exercised (3,235 ) — (3,235 ) 0.0001 — — Forfeited (3,714 ) — (3,714 ) 0.0001 — — Outstanding at December 31, 2020 37,804 863 38,667 0.0001 3.09 48,921 Exercisable as of December 31, 202 0 5,002 250 5,252 0.0001 — 6,644
Summary of Restricted Shares Activities	The following table sets forth the summary of restricted shares activities: Number of Restricted Shares Weighted-Average Grant Date Fair Value (in thousands) US$ January 1, 2018 — — Awarded 14,500 0.21 Vested — — Outstanding at December 31, 2018 14,500 0.21 January 1, 2019 14,500 0.21 Awarded 10,428 0.26 Vested — — Outstanding at December 31, 2019 24,928 0.23 January 1, 2020 24,928 0.23 Awarded 2,607 0.27 Forfeited (7,821 ) 0.26 Vested (9,857 ) 0.22 Outstanding at December 31, 2020 9,857 0.23 Number of Restricted Share Weighted-Average Grant Date Fair Value (in thousands) (in thousands) US$ January 1, 2020 — — Awarded 9,611 0.22 Forfeited (5,101 ) 0.24 Vested — — Outstanding at December 31, 2020 4,510 0.20

Net Loss per Share (Tables)

Net Loss per Share (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings Per Share Reconciliation [Abstract]
Summary of Following Shares Granted Were Anti-Dilutive and Excluded from the Calculation of Diluted Net Loss Per Share	the following preferred shares, restricted shares and share options granted were anti-dilutive and excluded from the calculation of diluted net loss per share of the Company: For the year ended December 31, 2018 2019 2020 Preferred shares 569,036,090 569,036,090 — Share options — — 2,092,300 Restricted shares — — 3,141,612 Total 569,036,090 569,036,090 5,233,912
Summary of Computation of Basic and Diluted Net Loss Per Share	The following table sets forth the computation of basic and diluted net loss per share for the years ended December 31, 2018, 2019 and 2020: For the year ended December 31, 2018 2019 2020 RMB RMB RMB Numerator: Net loss (9,342 ) (132,957 ) (82,184 ) Less: accretions to preferred shares redemption value (216,185 ) (940,186 ) (154,066 ) Net loss attributable to Lizhi Inc.’s ordinary shareholders (225,527 ) (1,073,143 ) (236,250 ) Denominator: Weighted average number of ordinary shares outstanding, basic 260,000,000 260,000,000 883,202,412 Weighted average number of ordinary shares outstanding, diluted 260,000,000 260,000,000 883,202,412 Weighted average number of ADSs outstanding, basic 13,000,000 13,000,000 44,160,121 Weighted average number of ADSs outstanding, diluted 13,000,000 13,000,000 44,160,121 Basic net loss per share attributable to Lizhi Inc.’s (0.87 ) (4.13 ) (0.27 ) Diluted net loss per share attributable to Lizhi Inc.’s ordinary shareholders (0.87 ) (4.13 ) (0.27 ) Basic net loss per ADSs attributable to Lizhi Inc.’s ordinary shareholders (17.35 ) (82.55 ) (5.35 ) Diluted net loss per ADSs attributable to Lizhi Inc.’s ordinary shareholders (17.35 ) (82.55 ) (5.35 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Summary of Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	Fair Value Measurement at December 31, 2020 Using Quoted Prices Significant Other Unobservable Fair Value at RMB RMB RMB RMB US$ Short-term investments — 73,022 — 73,022 11,191 Total — 73,022 — 73,022 11,191

Additional Information - Cond_2

Additional Information - Condensed Financial Statements of the Parent Company (Tables)	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
Summary of Condensed Statements of Operations And Comprehensive Loss	Condensed statements of operations and comprehensive loss: For the year ended December 31, 2018 2019 2020 RMB RMB RMB Operation expenses: Selling and marketing expenses — — (1,554 ) General and administrative expenses (1,036 ) (1,883 ) (14,518 ) Total operating expenses (1,036 ) (1,883 ) (16,072 ) Other expenses: Equity in loss of subsidiaries, VIEs and subsidiaries of VIEs (8,183 ) (131,325 ) (66,680 ) Others, net (123 ) 251 568 Net loss (9,342 ) (132,957 ) (82,184 ) Accretions to preferred shares redemption value (216,185 ) (940,186 ) (154,066 ) Net loss attributable to ordinary shareholders (225,527 ) (1,073,143 ) (236,250 ) Net loss (9,342 ) (132,957 ) (82,184 ) Other comprehensive income/(loss): Foreign currency translation adjustments 2,649 671 (6,338 ) Total comprehensive loss (6,693 ) (132,286 ) (88,522 ) Accretions to preferred shares redemption value (216,185 ) (940,186 ) (154,066 ) Total comprehensive loss to ordinary shareholders (222,878 ) (1,072,472 ) (242,588 )
Summary of Condensed Balance Sheets	Condensed balance sheets: As of December 31, 2019 2020 RMB RMB ASSETS Current assets: Cash and cash equivalents 16,845 148,922 Prepayments and other current assets — 2,475 Total current assets 16,845 151,397 Non-current assets: Investments in subsidiaries, VIE and subsidiaries of VIE (74,979 ) 27,471 Other non-current assets 6,720 1,470 Total non-current (68,259 ) 28,941 T OTAL ASSETS (51,414 ) 180,338 LIABILITIES Current liabilities Salary and welfare payable — 1,678 Accrued expenses and other current liabilities 27 4,058 Total current liabilities 27 5,736 Non-current Other non-current — 5,411 Total non-current liabilities — 5,411 TOTAL LIABILITIES 27 11,147 MEZZANINE EQUITY Pre-IPO Series A convertible redeemable preferred shares (US$0.0001 par value; 100,000,000 shares authorized, issued and outstanding with redemption value of RMB3.31 and liquidation value of RMB2.93 as of December 31, 2019 ; None authorized, issued and outstanding as of December 31, 2020.) 344,876 — Pre-IPO ; None authorized, issued and outstanding as of December 31, 2020.) 400,476 — Pre-IPO ; None authorized, issued and outstanding as of December 31, 2020.) 485,302 — Pre-IPO ; None authorized, issued and outstanding as of December 31, 2020.) 117,973 — Pre-IPO ; None authorized, issued and outstanding as of December 31, 2020.) 92,966 — Pre-IPO ; None authorized, issued and outstanding as of December 31, 2020.) 438,439 — Pre-IPO ; None authorized, issued and outstanding as of December 31, 2020.) 66,958 — TOTAL MEZZANINE EQUITY 1,946,990 — SHAREHOLDERS’ (DEFICIT)/EQUITY: Ordinary shares (US$0.0001 par value, 930,963,910 and 1,500,000,000 shares authorized as of December 31, 2019 and 2020, respectively, shares issued and shares outstanding as of December 31, 2019, respectively and shares outstanding as of December 31, 2020, respectively) 189 640 Treasury stock (18 ) (12 ) Additional — 2,409,753 Accumulated deficit (2,003,031 ) (2,239,281 ) Accumulated other comprehensive income/(loss) 4,429 (1,909 ) TOTAL SHAREHOLDERS’ (DEFICIT)/EQUITY: (1,998,431 ) 169,191 TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ (DEFICIT)/EQUIT Y (51,414 ) 180,338
Summary of Condensed Statements of Cash Flows	Condensed Statements of Cash Flows: For the year ended December 31, 2018 2019 2020 RMB RMB RMB Net cash used in operating activities (991 ) (15,239 ) (8,076 Net cash used in investing activities Cash paid for investments in subsidiaries, VIE and subsidiaries of VIE — (21,094 ) (113,197 ) Net cash used in investing activities — (21,094 ) (113,197 ) Net cash generated from financing activities Proceeds from issuance of ordinary shares, net — — 259,043 Proceeds from exercise of vested share options — — 2 Net cash generated from financing activities — — 259,045 Effect of exchange rate changes on cash, 2,531 941 (5,695 ) Net increase/(decrease) in cash, cash equivalents and restricted cash 1,540 (35,392 ) 132,077 Cash and cash equivalents at beginning of the year 50,697 52,237 16,845 Cash, cash equivalents and restricted cash at end of the year 52,237 16,845 148,922

Organization and Reorganizati_3

Organization and Reorganization - Summary of Major Subsidiaries Consolidated Vies and Vies Subsidiaries (Detail)	12 Months Ended
	Dec. 31, 2020
Lizhi Inc [Member]
Variable Interest Entity [Line Items]
Place and year of incorporation	British Virgin Islands, Y2010
Percentage of direct or indirect economic ownership	100.00%
Principal activities	Investment holding
Lizhi Holding Limited [Member]
Variable Interest Entity [Line Items]
Place and year of incorporation	Hong Kong, China Y2010
Percentage of direct or indirect economic ownership	100.00%
Principal activities	Investment holding
Beijing Hongyiyichuang Information Technology Co., Ltd [Member]
Variable Interest Entity [Line Items]
Place and year of incorporation	Beijing, China Y2011
Percentage of direct or indirect economic ownership	100.00%
Principal activities	Technical support and consulting services
TIYA INC. Tiya Cayman [Member]
Variable Interest Entity [Line Items]
Place and year of incorporation	Cayman Islands, Y2019
Percentage of direct or indirect economic ownership	100.00%
Principal activities	Investment holding
TIYA INC Tiya BVI [Member]
Variable Interest Entity [Line Items]
Place and year of incorporation	British Virgin Islands, Y2019
Percentage of direct or indirect economic ownership	100.00%
Principal activities	Investment holding
Tiya Holding Limited [Member]
Variable Interest Entity [Line Items]
Place and year of incorporation	Hong Kong, China Y2019
Percentage of direct or indirect economic ownership	100.00%
Principal activities	Investment holding
TIYA PTE. LTD.[Member]
Variable Interest Entity [Line Items]
Place and year of incorporation	Singapore Y2019
Percentage of direct or indirect economic ownership	100.00%
Principal activities	Audio entertainment business and others
NASHOR PTE. LTD. [Member]
Variable Interest Entity [Line Items]
Place and year of incorporation	Singapore Y2019
Percentage of direct or indirect economic ownership	100.00%
Principal activities	Audio entertainment business and others
Guangzhou Tiya Information Technology Co., Ltd [Member]
Variable Interest Entity [Line Items]
Place and year of incorporation	Guangzhou, China Y2019
Percentage of direct or indirect economic ownership	100.00%
Principal activities	Technical support and consulting services
Tiya Inc.[Member]
Variable Interest Entity [Line Items]
Place and year of incorporation	USA Y2020
Percentage of direct or indirect economic ownership	100.00%
Principal activities	Audio entertainment business and others
Guangzhou Lizhi Network Technology Co., Ltd [Member]
Variable Interest Entity [Line Items]
Place and year of incorporation	Guangzhou, China Y2007
Percentage of direct or indirect economic ownership (Major VIEs)	100.00%
Principal activities (Major VIEs)	Audio entertainment, and podcast, advertising and other business
Guangzhou Huanliao Network Technology Co., Ltd [Member]
Variable Interest Entity [Line Items]
Place and year of incorporation	Guangzhou, China Y2016
Percentage of direct or indirect economic ownership (Major VIEs)	100.00%
Principal activities (Major VIEs)	Audio entertainment business and others
Wuhan Lizhi Network Technology Co., Ltd [Member]
Variable Interest Entity [Line Items]
Place and year of incorporation	Wuhan, China Y2017
Percentage of direct or indirect economic ownership (Major VIEs)	100.00%
Principal activities (Major VIEs)	Audio entertainment business and others
Changsha Limang Interaction Entertainment Co., Ltd [Member]
Variable Interest Entity [Line Items]
Place and year of incorporation	Changsha, China Y2015
Percentage of direct or indirect economic ownership (Major VIEs)	100.00%
Principal activities (Major VIEs)	Audio entertainment business and others
Huaian Lizhi Network Technology Co., Ltd [Member]
Variable Interest Entity [Line Items]
Place and year of incorporation	Huai’an, China Y2015
Percentage of direct or indirect economic ownership (Major VIEs)	100.00%
Principal activities (Major VIEs)	Audio entertainment business and others
Chongqing Piwan Network Technology Co Ltd [Member]
Variable Interest Entity [Line Items]
Place and year of incorporation	Chongqing, China Y2019
Percentage of direct or indirect economic ownership	100.00%
Principal activities (Major VIEs)	Audio entertainment business and others

Organization and Reorganizati_4

Organization and Reorganization - Summary of Variable Interest Entities (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)	Dec. 31, 2020USD ($)	Jan. 01, 2020CNY (¥)
Current assets:
Cash and cash equivalents	¥ 315,459		¥ 82,709		$ 48,300
Short-term Investments	73,022		0		11,191
Restricted cash	3,695		0		566
Accounts receivable, net	8,361		2,979		1,281
Prepayments and other current assets	19,371		18,774		2,969
Total current assets	419,908		104,462		64,353
Non-current assets:
Property, equipment and leasehold improvement, net	34,518		32,387		5,290
Intangible assets, net	2,929		1,701		449
Right-of-use assets, net	4,282		0		656
Other non-current assets	2,181		2,133		334
Total non-current assets	43,910		36,221		6,729
TOTAL ASSETS	463,818		140,683		71,082
Current liabilities:
Accounts payable	78,267		72,299		11,995
Salary and welfare payable	93,288		68,935		14,297
Short-term loans	39,508		0		6,055
Lease liabilities due within one year	3,709		0		568	¥ 8,300
Accrued expenses and other current liabilities	51,047		33,729		7,823
Total current liabilities	288,629		192,124		44,234
Non-current liabilities:
Lease liabilities	587		0		90	¥ 3,400
Total non-current liabilities	5,998		0		919
TOTAL LIABILITIES	294,627		192,124		$ 45,153
Net revenues	1,502,908	$ 230,331	1,180,597	¥ 798,561
Net loss	(82,184)	(12,595)	(132,957)	(9,342)
Net cash (used in)/generated from operating activities	40,000	6,130	(95,753)	13,962
Net cash used in investing activities	(94,559)	(14,492)	(29,370)	(17,375)
Net cash generated from financing activities	298,046	$ 45,677
Variable Interest Entity Primary Beneficiary [Member]
Current assets:
Cash and cash equivalents	148,979		42,056
Short-term Investments	73,022
Restricted cash	3,695
Accounts receivable, net	2,642		2,979
Amount due from the subsidiaries of the Group	500
Prepayments and other current assets	13,190		10,825
Total current assets	242,028		55,860
Non-current assets:
Property, equipment and leasehold improvement, net	34,342		32,106
Intangible assets, net	2,929		1,701
Right-of-use assets, net	3,841
Other non-current assets	711		2,133
Total non-current assets	41,823		35,940
TOTAL ASSETS	283,851		91,800
Current liabilities:
Accounts payable	73,986		72,164
Deferred revenue	16,226		14,381
Salary and welfare payable	88,464		66,810
Other tax payable	4,559		2,592
Short-term loans	39,508		0
Lease liabilities due within one year	3,542		0
Accrued expenses and other current liabilities	41,559		32,108
Amount due to the subsidiaries of the Group	385,583		186,979
Total current liabilities	653,427		375,034
Non-current liabilities:
Lease liabilities	587		0
Total non-current liabilities	587
TOTAL LIABILITIES	654,014		375,034
Net revenues	1,456,190		1,179,468	798,561
Net loss	(84,441)		(116,891)	(456)
Net cash (used in)/generated from operating activities	17,425		(73,015)	21,262
Net cash used in investing activities	(94,559)		(29,164)	(17,375)
Net cash generated from financing activities	187,752		38,854	70,802
Net increase/(decrease) in cash, cash equivalents and restricted cash	¥ 110,618		¥ (63,325)	¥ 74,689

Organization and Reorganizati_5

Organization and Reorganization - Additional Information (Detail) ¥ in Thousands, $ in Thousands	Jan. 01, 2020shares	May 20, 2019	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)	Dec. 31, 2020USD ($)
OrganizationConsolidationAndPresentationOfFinancialStatements [Line Items]
Dated of incorporation			Oct. 1, 2010	Oct. 1, 2010
Net loss			¥ 82,200	$ 12,595	¥ 132,957	¥ 9,342
Cash flows operating activities			40,000	$ 6,130	(95,753)	¥ 13,962
Accumulated deficit			(2,239,300)		(2,003,031)		$ (343,185)
Cash and cash equivalents			315,459		82,709		48,300
IPO [Member]
OrganizationConsolidationAndPresentationOfFinancialStatements [Line Items]
Working Capital			131,300				$ 20,100
IPO [Member] | Common Class A [Member]
OrganizationConsolidationAndPresentationOfFinancialStatements [Line Items]
Stock issued, during the period | shares	82,000,000
Variable Interest Entity Not Primary Beneficiary [Member]
OrganizationConsolidationAndPresentationOfFinancialStatements [Line Items]
Obligations to settle of variable interest entity | ¥			¥ 51,000		¥ 51,000
Lizhi BVI [Member]
OrganizationConsolidationAndPresentationOfFinancialStatements [Line Items]
Place of incorporation			British Virgin Islands	British Virgin Islands
Guangzhou Tiya [Member]
OrganizationConsolidationAndPresentationOfFinancialStatements [Line Items]
Service fee percentage of after tax profit		90.00%

Significant Accounting Polici_4

Significant Accounting Policies - Additional information (Detail) $ / shares in Units, ¥ in Thousands, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)Numbershares	Dec. 31, 2020CNY (¥)$ / shares	Dec. 31, 2019CNY (¥)Numbershares	Dec. 31, 2019CNY (¥)$ / shares	Dec. 31, 2018CNY (¥)shares	Dec. 31, 2018CNY (¥)$ / shares	Dec. 31, 2020USD ($)	Jan. 01, 2020CNY (¥)	Dec. 31, 2019USD ($)
Disclosure of Accounting Policies [Line Items]
Exchange rate	6.5250	6.5250					6.5250
Restricted cash	¥ 3,695	¥ 3,695	¥ 0	¥ 0			$ 566
Number of lien arrangements | Number	0		0
Weighted average contract period	124 days		97 days		33 days
Recognized revenue	¥ 9,900		¥ 8,900		¥ 5,200
Revenue remaining performance obligation	0	0	0	0	0	¥ 0
Contract assets	0	0	0	0	0	0
Advertising and promotional expenses	127,400		191,100		106,100
Employee benefit expenses	¥ 38,500		36,000		20,600
Income tax examination likelihood of settlement	The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon settlement.
Unrecognized uncertain tax positions	¥ 0	¥ 0	0	0	¥ 0	¥ 0
Annual appropriation to reserve percent	10.00%	10.00%					10.00%
Threshold limit for reserve appropriation	50.00%	50.00%					50.00%
Appropriation to statutory reserves	¥ 0		0
Cash and cash equivalents	315,459	¥ 315,459	82,709	82,709			$ 48,300
Lease liabilities	4,296	4,296						¥ 11,700
Finance lease	0	0
Operating lease liabilities, current	3,709	3,709	0	0			568	8,300
Operating lease liabilities, non-current	587	587	¥ 0	¥ 0			$ 90	¥ 3,400
Investment income from its short term investments	¥ 1,200	¥ 1,200
Weighted average volatility					56.38%
Risk-free rate					3.05%
Contractual term(in years)					10 years
Number of Options - Granted | shares	33,295		0		13,266
Weighted average exercise price, Granted | $ / shares		¥ 0.0001		¥ 0		¥ 0.0001
Alipay and WeChat Pay [Member]
Disclosure of Accounting Policies [Line Items]
Cash and cash equivalents	¥ 11,600	¥ 11,600	¥ 6,300	¥ 6,300
Subsidiaries [Member]
Disclosure of Accounting Policies [Line Items]
Cash and cash equivalents	¥ 152,000	¥ 152,000	¥ 64,100	¥ 64,100
Cash And Cash Equivalents Total [Member] | Subsidiaries [Member]
Disclosure of Accounting Policies [Line Items]
Concentration risk percentage			77.50%	77.50%					77.50%
Cash And Cash Equivalents Total [Member] | VIE [Member]
Disclosure of Accounting Policies [Line Items]
Concentration risk percentage	48.20%	48.20%					48.20%
Cash At Bank [Member]
Disclosure of Accounting Policies [Line Items]
Restricted cash	¥ 3,700	¥ 3,700	¥ 0	¥ 0
Cash At Bank [Member] | Cash at Bank and Demand Deposits Denominated Functional Currency USD [Member]
Disclosure of Accounting Policies [Line Items]
Due from banks			40,300	40,300					$ 5,700
Demand Deposits [Member] | Cash at Bank and Demand Deposits Denominated Functional Currency USD [Member]
Disclosure of Accounting Policies [Line Items]
Due from banks	154,700	154,700					$ 23,700
Demand Deposits [Member] | Cash at Bank and Demand Deposits Denominated Functional Currency RMB [Member]
Disclosure of Accounting Policies [Line Items]
Due from banks	¥ 147,800	¥ 147,800	¥ 36,100	¥ 36,100

Significant Accounting Polici_5

Significant Accounting Policies - Summary of Property Plant Equipment Estimated Useful Lives (Detail)	12 Months Ended
	Dec. 31, 2020
Electronic Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Furniture And Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	4 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	shorter of expected lives of leasehold improvement and lease term

Significant Accounting Polici_6

Significant Accounting Policies - Summary of Finite Lived Intangible Assets Useful Lives (Detail)	12 Months Ended
	Dec. 31, 2020
Copyrights [Member] | Minimum [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	1 year
Copyrights [Member] | Maximum [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	3 years
Software [Member] | Minimum [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	1 year
Software [Member] | Maximum [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	5 years
Trademark And Others [Member] | Minimum [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	3 years
Trademark And Others [Member] | Maximum [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	5 years

Significant Accounting Polici_7

Significant Accounting Policies - Summary of Key Revenue Streams (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Revenue from External Customer [Line Items]
Revenues	¥ 1,502,908	$ 230,331	¥ 1,180,597	¥ 798,561
Audio Entertainment [Member]
Revenue from External Customer [Line Items]
Revenues	1,481,120		1,167,934	785,101
Podcast Advertising And Others [Member]
Revenue from External Customer [Line Items]
Revenues	¥ 21,788		¥ 12,663	¥ 13,460

Significant Accounting Polici_8

Significant Accounting Policies - Summary of Contract Liabilities Consist of Deferred Revenue (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jan. 01, 2018
Disclosure of Schedule of contract liabilities consist of deferred revenue [Abstract]
Deferred revenue	¥ 17,001	¥ 14,530	¥ 10,668	¥ 5,878

Significant Accounting Polici_9

Significant Accounting Policies - Summary of Accounts Receivable (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Disclosure of Summary of accounts receivable [Abstract]
Accounts receivable	¥ 8,361	$ 1,281	¥ 2,979

Significant Accounting Polic_10

Significant Accounting Policies - Summary of Advertising and Promotional Service Providers (Detail) - Advertising And Promotional Service Expense [Member] - Number	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure of Advertising and Promotional Service Providers [Line Items]
Number of service providers that accounted for 10% or more of the Group's advertising and promotional expense	203	236	245
Supplier Concentration Risk [Member]
Disclosure of Advertising and Promotional Service Providers [Line Items]
Number of service providers that accounted for 10% or more of the Group's advertising and promotional expense	3	2
Concentration risk, percentage	38.10%	36.00%

Significant Accounting Polic_11

Significant Accounting Policies - Summary of Advertising Business Exceeding (Detail) - Customer Concentration Risk [Member] - Accounts Receivable [Member]	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Customer A [Member]
Disclosure of Advertising and Promotional Service Providers [Line Items]
Concentration risk, percentage		48.30%
Customer B [Member]
Disclosure of Advertising and Promotional Service Providers [Line Items]
Concentration risk, percentage	68.30%	50.30%
Customer C [Member]
Disclosure of Advertising and Promotional Service Providers [Line Items]
Concentration risk, percentage	21.50%

Cash and Cash Equivalents - Sum

Cash and Cash Equivalents - Summary of Cash and Cash Equivalents (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Cash and cash equivalents:
Total cash and cash equivalents	¥ 315,459	$ 48,300	¥ 82,709
RMB [Member]
Cash and cash equivalents:
Total cash and cash equivalents	152,032		42,358
US [Member]
Cash and cash equivalents:
Total cash and cash equivalents	161,663		40,241
Other [Member]
Cash and cash equivalents:
Total cash and cash equivalents	¥ 1,764		¥ 110

Accounts Receivable Net - Summa

Accounts Receivable Net - Summary of Accounts Receivable Net (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	¥ 8,361		¥ 2,979
Less: allowance for doubtful accounts	0		0
Accounts receivable, net	¥ 8,361	$ 1,281	¥ 2,979

Prepayments and Other Current_3

Prepayments and Other Current Assets - Summary of Prepayments and Other Assets (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deposits	¥ 3,509		¥ 3,542
Prepaid service fees	5,234		8,784
Prepaid promotional expenses	3,971		381
Staff advances	141		292
Receivables from third-party online payment platform	1,511		1,553
Deductible Value Added Tax ("VAT")	1,283		1,893
Others	3,722		2,329
Total	¥ 19,371	$ 2,969	¥ 18,774

Property, Equipment and Lease_3

Property, Equipment and Leasehold Improvement, Net - Summary of Property Plant and Equipment (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	¥ 72,871		¥ 53,315
Less: accumulated depreciation	(38,353)		(20,928)
Property, equipment and leasehold improvement , net	34,518	$ 5,290	32,387
Electronic equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	65,352		46,478
Furniture and office equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	1,530		1,382
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	597		989
Leasehold improvement [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	¥ 5,392		¥ 4,466

Property, Equipment and Lease_4

Property, Equipment and Leasehold Improvement, Net - Additional Information (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Depreciation, Depletion and Amortization [Abstract]
Depreciation of property, equipment and leasehold improvement	¥ 17,700	$ 2,709	¥ 10,772	¥ 5,832

Intangible Assets - Summary of

Intangible Assets - Summary of Finite Lived Intangible Assets (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets, Gross [Abstract]
Finite Lived Copyright Gross	¥ 8,488	¥ 8,547
Capitalized Computer Software, Gross	2,851	1,370
Finite Lived Trademarks And Other Gross	2,446	1,053
Total gross carrying amount	13,785	10,970
Less: accumulated amortization
Finite-Lived Intangible Assets, Accumulated Amortization	(10,856)	(9,269)
Intangible assets, net	2,929	1,701
Copyright [Member]
Less: accumulated amortization
Finite-Lived Intangible Assets, Accumulated Amortization	(8,468)	(8,308)
Software [Member]
Less: accumulated amortization
Finite-Lived Intangible Assets, Accumulated Amortization	(1,503)	(735)
Trademark and others [Member]
Less: accumulated amortization
Finite-Lived Intangible Assets, Accumulated Amortization	¥ (885)	¥ (226)

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Amortization of Deferred Charges [Abstract]
Amortization expense	¥ 1,600	$ 244	¥ 1,763	¥ 3,930

Intangible Assets - Summary o_2

Intangible Assets - Summary of Finite Lived Intangible Assets Future Amortization Expense (Detail) ¥ in Thousands	Dec. 31, 2020CNY (¥)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2021	¥ 1,182
2022	932
2023	513
2024	206
2025	¥ 96

Leases - Summary of Information

Leases - Summary of Information Related To Operating Leases (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Jan. 01, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Disclosure Of Supplemental Information Related To Operating Leases [Line Items]
Operating lease ROU assets	¥ 4,282	$ 656		¥ 0
Operating lease liabilities-non-current	(587)	(90)	¥ (3,400)	0
Operating lease liabilities-current	(3,709)	$ (568)	(8,300)	¥ 0
Total operating lease liabilities	¥ (4,296)		¥ (11,700)
Weighted average remaining lease term	1 year 3 months 18 days	1 year 3 months 18 days
Weighted average discount rate	7.00%	7.00%

Leases - Summary of Lease Cost

Leases - Summary of Lease Cost (Detail) ¥ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)
Lease Cost [Line Items]
Operating lease cost	¥ 8,900
Lease cost	0
Cash paid for operating leases	8,867
Right-of-use assets obtained in exchange for operating lease liabilities	¥ 12,851

Leases - Summary of Lessee Oper

Leases - Summary of Lessee Operating Lease Liability Maturity (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2020	Jan. 01, 2020
Lessee Operating Lease Liability Maturity [Line Items]
2021	¥ 3,854
2022	409
2023	239
Total lease payment	4,502
Less: interest	(206)
Present value of operating lease liability	4,296	¥ 11,700
Operating leases not yet commenced	¥ 0

Taxation - Additional Informati

Taxation - Additional Information (Detail) ¥ in Thousands, $ in Thousands	Apr. 01, 2018	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018
Operating Loss Carryforwards [Line Items]
Statutory income tax rate of the PRC		25.00%	25.00%	25.00%	25.00%
Withholding income tax percentage				10.00%
Percentage of share holding in FIE				25.00%
Withholding tax amount		¥ 0		¥ 0
Income Tax Expense (Benefit)		¥ 999	$ 153
HONG KONG [Member] | Inland Revenue, Hong Kong [Member]
Operating Loss Carryforwards [Line Items]
Statutory income tax rate of the PRC	16.50%
HONG KONG [Member] | Inland Revenue, Hong Kong [Member] | Minimum [Member]
Operating Loss Carryforwards [Line Items]
Withholding income tax percentage				5.00%
CHINA [Member] | State Administration of Taxation, China [Member]
Operating Loss Carryforwards [Line Items]
Statutory income tax rate of the PRC				25.00%
Preferential tax rate				15.00%
SINGAPORE
Operating Loss Carryforwards [Line Items]
Statutory income tax rate of the PRC		17.00%	17.00%
Withholding income tax percentage		0.00%	0.00%
Income Tax Expense (Benefit)		¥ 1,000
Assessable profits on the first HK$2 million [Member] | HONG KONG [Member] | Inland Revenue, Hong Kong [Member]
Operating Loss Carryforwards [Line Items]
Statutory income tax rate of the PRC	8.25%
Assessable profits in excess of HK$2 million [Member] | HONG KONG [Member] | Inland Revenue, Hong Kong [Member]
Operating Loss Carryforwards [Line Items]
Statutory income tax rate of the PRC	16.50%

Taxation - Summary of Income Ta

Taxation - Summary of Income Tax Reconciliation (Detail)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Statutory income tax rate of the PRC	25.00%	25.00%	25.00%
Tax rate difference from preferential tax treatments and statutory rate in other jurisdictions	(16.30%)	(7.40%)	(5.30%)
Super deduction on research and development expenses	30.00%	8.70%	88.10%
Non-deductible share-based compensation expenses	(9.20%)
Other permanent differences	(3.90%)	(3.10%)	(32.70%)
Change in valuation allowances	(26.80%)	(23.20%)	(75.10%)
Effective income tax rate	(1.20%)

Taxation - Summary of Operating

Taxation - Summary of Operating Loss Carry Forward (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	¥ 72,988	¥ 54,758
Loss expiring in 2021
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	4,924
Loss expiring in 2022
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	8,084
Loss expiring in 2023
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	5,620
Loss expiring in 2024
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	28,827
Loss expiring in 2025
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	23,473
Loss expiring in 2026
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	21,409
Loss expiring in 2027
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	15,141
Loss expiring in 2028
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	47,863
Loss expiring in 2029
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	147,040
Loss expiring in 2030
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	156,066
Operating loss carry forwards
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	¥ 458,447

Taxation - Summary of Significa

Taxation - Summary of Significant Components of Deferred Tax Assets (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Deferred Tax Assets, Net of Valuation Allowance [Abstract]
Net operating tax loss carry forwards	¥ 72,988	¥ 54,758
Advertising expenses in excess of deduction limit	709	24,982
Deferred revenue	910	580
Total deferred tax assets	74,607	80,320
Less: valuation allowances	¥ (74,607)	¥ (80,320)	¥ (50,499)	¥ (45,202)

Taxation - Summary of Movement

Taxation - Summary of Movement of Valuation Allowance (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Deferred Taxes, Business Combination, Valuation Allowance [Abstract]
Beginning Balance	¥ (80,320)	¥ (50,499)	¥ (45,202)
Movement	5,713	(29,821)	(5,297)
Ending Balance	¥ (74,607)	¥ (80,320)	¥ (50,499)

Taxes Payable - Additional Info

Taxes Payable - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020
Taxes Payable [Abstract]
Value added tax rate	6.00%

Taxes Payable - Summary of Taxe

Taxes Payable - Summary of Taxes Payable (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Taxes Payable [Abstract]
Cultural development fees		¥ 30
VAT payables	¥ 2,830	1,258
Withholding individual income taxes for employees	1,533	1,100
Income tax payable	999
Others	447	243
Total	¥ 5,809	¥ 2,631

Short-term loans - Additional I

Short-term loans - Additional Information (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)
Short-term Debt [Line Items]
Short-term loans	¥ 39,508	$ 6,055	¥ 0
Debt Instrument, Interest Rate, Stated Percentage	7.00%	7.00%
Unused lines of Credit [Member]
Short-term Debt [Line Items]
Short-term loans	¥ 10,500
SPD Silicon Valley Bank [Member]
Short-term Debt [Line Items]
Short-term loans	39,500
Line of credit maximum borrowing capacity	¥ 50,000

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities - Summary of Accrued Expenses And Other Current Liabilities (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Payables and Accruals [Abstract]
Advertising and promotional expenses	¥ 33,808	¥ 28,909
Professional service fees	7,719	406
Payable for property, equipment and leasehold improvement, net	1,526	182
Accrued sales rebates for advertising business	3,286	569
Others	4,708	3,663
Total	¥ 51,047	¥ 33,729

Cost of Revenues - Summary of C

Cost of Revenues - Summary of Cost of Revenues (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Revenue sharing fees	¥ 1,031,903		¥ 850,167	¥ 527,128
Salary and welfare benefits	41,159		29,072	11,750
Payment handling costs	22,692		15,573	7,219
Bandwidth costs	11,226		5,702	3,490
Share-based compensation expense	50,741	$ 7,777	0	0
Others	12,909		9,641	16,047
Total	1,134,678	173,897	910,155	565,634
Cost of revenues [Member]
Share-based compensation expense	¥ 14,789	$ 2,267	¥ 0	¥ 0

Pre-Ipo Preferred Shares - Addi

Pre-Ipo Preferred Shares - Additional information (Detail)	Oct. 18, 2019shares	Jul. 31, 2018$ / sharesshares	Dec. 31, 2017shares	Jul. 31, 2017USD ($)shares	Jun. 30, 2017USD ($)shares	Jan. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)shares	Feb. 28, 2014USD ($)shares	Mar. 31, 2012USD ($)shares	Mar. 31, 2011USD ($)shares	Dec. 31, 2020USD ($)
Class of Stock [Line Items]
Minimum Pre-offering Valuation | $											$ 400,000,000
Proceeds From Conversion Of Preferred Stock | $											61,900,000
IPO [Member]
Class of Stock [Line Items]
Minimum Pre-offering Valuation | $											400,000,000
Proceeds From Conversion Of Preferred Stock | $											40,000,000
Minimum [Member]
Class of Stock [Line Items]
Proceeds From Conversion Of Preferred Stock | $											$ 70,000,000
Cyber Dreamer Limited [Member]
Class of Stock [Line Items]
Number Of Shares Transferred	17,597,981
Series A Convertible Redeemable Preferred Shares [Member]
Class of Stock [Line Items]
Proceeds from issuance of convertible preferred stock | $										$ 1,000,000
Stock Splits, shares issued during the period		100,000,000
Preferred stock, par value | $ / shares		$ 0.0001
Stock split, conversion ratio											0.10
Series A Convertible Redeemable Preferred Shares [Member] | Matrix Partners China I Hong Kong Limited [Member]
Class of Stock [Line Items]
Stock issued, during the period										10,000,000
Series B Convertible Redeemable Preferred Shares [Member]
Class of Stock [Line Items]
Proceeds from issuance of convertible preferred stock | $									$ 2,500,000
Stock issued, during the period									8,333,332
Stock Splits, shares issued during the period		83,333,320
Preferred stock, par value | $ / shares		$ 0.0001
Stock split, conversion ratio											0.10
Series B Convertible Redeemable Preferred Shares [Member] | Matrix Partners China I Hong Kong Limited [Member]
Class of Stock [Line Items]
Stock issued, during the period									6,666,666
Series B Convertible Redeemable Preferred Shares [Member] | Morning side China TMT Fund II LP [Member]
Class of Stock [Line Items]
Proceeds from issuance of convertible preferred stock | $								$ 1,000,000
Stock issued, during the period									1,666,666
Stock Splits, shares issued during the period		33,333,330
Preferred stock, par value | $ / shares		$ 0.0001
Stock split, conversion ratio											0.10
Series B Convertible Redeemable Preferred Shares [Member] | Morning side China TMT Fund II LP [Member] | 2014 Loan [member]
Class of Stock [Line Items]
Stock issued, during the period								3,333,333
Series C Convertible Redeemable Preferred Shares [Member]
Class of Stock [Line Items]
Proceeds from issuance of convertible preferred stock | $							$ 10,894,477
Stock issued, during the period							11,725,839
Stock Splits, shares issued during the period		117,258,390
Preferred stock, par value | $ / shares		$ 0.0001
Stock split, conversion ratio											0.10
Series C Convertible Redeemable Preferred Shares [Member] | 2014 Loan [member]
Class of Stock [Line Items]
Stock issued, during the period							2,532,494
Stock Splits, shares issued during the period		25,324,940
Preferred stock, par value | $ / shares		$ 0.0001
Stock split, conversion ratio											0.10
Series C Convertible Redeemable Preferred Shares [Member] | Matrix Partners China I Hong Kong Limited [Member]
Class of Stock [Line Items]
Stock issued, during the period							5,192,086
Series C Convertible Redeemable Preferred Shares [Member] | Matrix Partners China I Hong Kong Limited [Member] | 2014 Loan [member]
Class of Stock [Line Items]
Stock issued, during the period							1,266,247
Series C Convertible Redeemable Preferred Shares [Member] | Morning side China TMT Fund II LP [Member]
Class of Stock [Line Items]
Stock issued, during the period							6,533,753
Series C Convertible Redeemable Preferred Shares [Member] | Morning side China TMT Fund II LP [Member] | 2014 Loan [member]
Class of Stock [Line Items]
Stock issued, during the period							1,266,247
Series C1 Convertible Redeemable Preferred Shares [Member]
Class of Stock [Line Items]
Proceeds from issuance of convertible preferred stock | $						$ 3,223,675
Stock issued, during the period						3,469,736
Stock Splits, shares issued during the period		34,697,360
Preferred stock, par value | $ / shares		$ 0.0001
Stock split, conversion ratio											0.10
Series C1 Convertible Redeemable Preferred Shares [Member] | People Better Limited [Member]
Class of Stock [Line Items]
Stock issued, during the period						1,734,868
Series C1 Convertible Redeemable Preferred Shares [Member] | Shunwei Internet Limited [Member]
Class of Stock [Line Items]
Stock issued, during the period						1,734,868
Series C1 Plus Convertible Redeemable Preferred Shares [Member]
Class of Stock [Line Items]
Stock issued, during the period			2,691,209
Stock Splits, shares issued during the period		26,912,090
Preferred stock, par value | $ / shares		$ 0.0001
Stock split, conversion ratio											0.10
Series D Convertible Redeemable Preferred Shares [Member]
Class of Stock [Line Items]
Preferred stock, par value | $ / shares		0.0001
Stock split, conversion ratio											0.10
Series D Convertible Redeemable Preferred Shares [Member] | Cyber Dreamer Limited [Member]
Class of Stock [Line Items]
Proceeds from issuance of convertible preferred stock | $				$ 10,000,000	$ 22,000,000
Stock issued, during the period				4,004,775	8,810,504
Stock Splits, shares issued during the period				40,047,750	88,105,040
Series D1 Convertible Redeemable Preferred Shares [Member]
Class of Stock [Line Items]
Preferred stock, par value | $ / shares		$ 0.0001
Stock split, conversion ratio											0.10
Series D1 Convertible Redeemable Preferred Shares [Member] | Cyber Dreamer Limited [Member]
Class of Stock [Line Items]
Proceeds from issuance of convertible preferred stock | $				$ 5,000,000
Stock issued, during the period				2,002,387
Stock Splits, shares issued during the period				20,023,870

Pre-Ipo Preferred Shares - Summ

Pre-Ipo Preferred Shares - Summarized Group of Preferred Shares Activities (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)shares	Dec. 31, 2020USD ($)shares	Dec. 31, 2019CNY (¥)shares	Dec. 31, 2018CNY (¥)shares
Class of Stock [Line Items]
Temporary equity, shares outstanding beginning balance | shares	569,036,090	569,036,090	569,036,090	569,036,090
Beginning balance	¥ 1,946,990		¥ 1,006,804	¥ 790,619
Temporary equity, accretion to redemption value, adjustment	¥ 154,066	$ 23,612	¥ 940,186	¥ 216,185
Temporary equity, shares outstanding ending balance | shares			569,036,090	569,036,090
Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO, shares | shares	(569,036,090)	(569,036,090)
Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO, value	¥ (2,101,056)
Ending balance			¥ 1,946,990	¥ 1,006,804
Series A Convertible Redeemable Preferred Shares [Member]
Class of Stock [Line Items]
Temporary equity, shares outstanding beginning balance | shares	100,000,000	100,000,000	100,000,000	100,000,000
Beginning balance	¥ 344,876		¥ 164,733	¥ 121,421
Temporary equity, accretion to redemption value, adjustment	¥ 29,021		¥ 180,143	¥ 43,312
Temporary equity, shares outstanding ending balance | shares	0	0	100,000,000	100,000,000
Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO, shares | shares	(100,000,000)	(100,000,000)
Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO, value	¥ (373,897)
Ending balance			¥ 344,876	¥ 164,733
Series B Convertible Redeemable Preferred Shares [Member]
Class of Stock [Line Items]
Temporary equity, shares outstanding beginning balance | shares	116,666,650	116,666,650	116,666,650	116,666,650
Beginning balance	¥ 400,476		¥ 195,422	¥ 145,691
Temporary equity, accretion to redemption value, adjustment	¥ 33,342		¥ 205,054	¥ 49,731
Temporary equity, shares outstanding ending balance | shares	0	0	116,666,650	116,666,650
Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO, shares | shares	(116,666,650)	(116,666,650)
Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO, value	¥ (433,818)
Ending balance			¥ 400,476	¥ 195,422
Series C Convertible Redeemable Preferred Shares [Member]
Class of Stock [Line Items]
Temporary equity, shares outstanding beginning balance | shares	142,583,330	142,583,330	142,583,330	142,583,330
Beginning balance	¥ 485,302		¥ 249,150	¥ 190,190
Temporary equity, accretion to redemption value, adjustment	¥ 38,707		¥ 236,152	¥ 58,960
Temporary equity, shares outstanding ending balance | shares	0	0	142,583,330	142,583,330
Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO, shares | shares	(142,583,330)	(142,583,330)
Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO, value	¥ (524,009)
Ending balance			¥ 485,302	¥ 249,150
Series C1 Convertible Redeemable Preferred Shares [Member]
Class of Stock [Line Items]
Temporary equity, shares outstanding beginning balance | shares	34,697,360	34,697,360	34,697,360	34,697,360
Beginning balance	¥ 117,973		¥ 60,433	¥ 46,081
Temporary equity, accretion to redemption value, adjustment	¥ 9,424		¥ 57,540	¥ 14,352
Temporary equity, shares outstanding ending balance | shares	0	0	34,697,360	34,697,360
Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO, shares | shares	(34,697,360)	(34,697,360)
Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO, value	¥ (127,397)
Ending balance			¥ 117,973	¥ 60,433
Series C1 Plus Convertible Redeemable Preferred Shares [Member]
Class of Stock [Line Items]
Temporary equity, shares outstanding beginning balance | shares	26,912,090	26,912,090	26,912,090	26,912,090
Beginning balance	¥ 92,966		¥ 49,539	¥ 38,556
Temporary equity, accretion to redemption value, adjustment	¥ 7,015		¥ 43,427	¥ 10,983
Temporary equity, shares outstanding ending balance | shares	0	0	26,912,090	26,912,090
Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO, shares | shares	(26,912,090)	(26,912,090)
Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO, value	¥ (99,981)
Ending balance			¥ 92,966	¥ 49,539
Series D Convertible Redeemable Preferred Shares [Member]
Class of Stock [Line Items]
Temporary equity, shares outstanding beginning balance | shares	128,152,790	128,152,790	128,152,790	128,152,790
Beginning balance	¥ 438,439		¥ 250,098	¥ 216,960
Temporary equity, accretion to redemption value, adjustment	¥ 31,610		¥ 188,341	¥ 33,138
Temporary equity, shares outstanding ending balance | shares	0	0	128,152,790	128,152,790
Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO, shares | shares	(128,152,790)	(128,152,790)
Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO, value	¥ (470,049)
Ending balance			¥ 438,439	¥ 250,098
Series D1 Convertible Redeemable Preferred Shares [Member]
Class of Stock [Line Items]
Temporary equity, shares outstanding beginning balance | shares	20,023,870	20,023,870	20,023,870	20,023,870
Beginning balance	¥ 66,958		¥ 37,429	¥ 31,720
Temporary equity, accretion to redemption value, adjustment	¥ 4,947		¥ 29,529	¥ 5,709
Temporary equity, shares outstanding ending balance | shares	0	0	20,023,870	20,023,870
Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO, shares | shares	(20,023,870)	(20,023,870)
Conversion of preferred shares to Class A ordinary shares upon the completion of the IPO, value	¥ (71,905)
Ending balance			¥ 66,958	¥ 37,429

Share-based Compensation - Addi

Share-based Compensation - Additional Information (Details) ¥ / shares in Units, $ / shares in Units, ¥ in Millions

Mar. 07, 2011

Sep. 30, 2019shares

Dec. 31, 2020USD ($)$ / sharesshares

Dec. 31, 2020CNY (¥)¥ / shares

Dec. 31, 2019USD ($)shares

Dec. 31, 2019CNY (¥)¥ / shares

Dec. 31, 2018USD ($)$ / sharesshares

Dec. 31, 2018¥ / shares

Dec. 31, 2020USD ($)

Mar. 18, 2020shares

Mar. 17, 2020shares

Dec. 31, 2019USD ($)

Weighted average grant date fair value of options granted | (per share)

$ 0.30

¥ 1.96

¥ 0

$ 0.21

¥ 1.44

Stock Issued During Period, Shares, Employee Benefit Plan

5,000,000

Share-based Payment Arrangement, Cash Used to Settle Award | $

$ 0

$ 0

$ 0

Amount of cost expensed and capitalized under share-based payment arrangement | $

$ 0

$ 0

$ 0

Treasury stock [Member]

Stock Issued During Period, Shares, Employee Benefit Plan

(5,000,000)

Vesting of restricted share units, shares

190,160

Restricted Stock [Member]

Award vesting period

4 years

Award vesting percentage

25.00%

Restricted shares, Granted

2,607,000

10,428,000

14,500,000

Vesting of restricted share units, shares

9,857,000

0

Restricted Stock Units (RSUs) [Member]

Restricted shares, Granted

9,611,020

0

0

Vesting of restricted share units, shares

0

2012 Incentive Plan [Member]

Award vesting period

4 years

2019 Incentive Plan and the Amended and Restated 2019 Share Incentive Plan [Member]

Award vesting period

4 years

Unrecognized compensation expenses, unvested awards

¥ 62.6

¥ 58.3

$ 9,600,000

$ 8,400,000

Unrecognized compensation expenses, weighted average period for recognition

2 years 8 months 12 days

2 years 10 months 24 days

2019 Incentive Plan and the Amended and Restated 2019 Share Incentive Plan [Member] | Kastle Limited [Member]

Share based compensation arrangement, shares issued during period

25,428,430

2019 Incentive Plan [Member] | Common Class A [Member]

Ordinary shares, shares authorized

100,000,000

40,000,000

2019 Incentive Plan [Member] | Common Class A [Member] | Maximum [Member]

Award vesting period

4 years

2019 Incentive Plan [Member] | Common Class A [Member] | Minimum [Member]

Award vesting period

Share-based Compensation - Summ

Share-based Compensation - Summary of Share-Based Compensation (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Employee Service Allocated Share Based Compensation Expense [Line Items]
Share-based Payment Arrangement, Expense	¥ 50,741	$ 7,777	¥ 0	¥ 0
Cost of revenues [Member]
Employee Service Allocated Share Based Compensation Expense [Line Items]
Share-based Payment Arrangement, Expense	14,789	2,267	0	0
Selling and marketing expenses [Member]
Employee Service Allocated Share Based Compensation Expense [Line Items]
Share-based Payment Arrangement, Expense	2,370	363	0	0
General and administrative expenses [Member]
Employee Service Allocated Share Based Compensation Expense [Line Items]
Share-based Payment Arrangement, Expense	16,128	2,472	0	0
Research and development expenses [Member]
Employee Service Allocated Share Based Compensation Expense [Line Items]
Share-based Payment Arrangement, Expense	¥ 17,454	$ 2,675	¥ 0	¥ 0

Share-based Compensation - Su_2

Share-based Compensation - Summary of Stock Option Awards Outstanding (Details) ¥ in Thousands, shares in Thousands	12 Months Ended
	Dec. 31, 2020$ / sharesshares	Dec. 31, 2020CNY (¥)shares	Dec. 31, 2019$ / shares	Dec. 31, 2019CNY (¥)shares	Dec. 31, 2018$ / shares	Dec. 31, 2018CNY (¥)shares
Number of Options - Beginning balance		12,321		13,165		2,950
Number of Options - Cancelled						(2,950)
Number of Options - Granted		33,295		0		13,266
Number of Options - Forfeited		(3,714)		(844)		(101)
Share options, exercised		(3,235)
Number of Options - Ending balance		38,667		12,321		13,165
Number of Options - Exercisable	5,252	5,252
Weighted average exercise price, Beginning balance | $ / shares	$ 0.0001		$ 0.0001		$ 0.001
Weighted average exercise price, Cancelled | $ / shares					0.01
Weighted average exercise price, Granted | $ / shares	0.0001		0		0.0001
Weighted average exercise price, Forfeited | $ / shares	0.0001		0.0001		0.0001
Weighted average exercise price, Ending balance | $ / shares	0.0001		$ 0.0001		$ 0.0001
Options, Exercisable, Weighted Average Exercise Price | $ / shares	$ 0.0001
Options, Outstanding, Weighted Average Remaining Contractual Term		3 years 1 month 2 days		2 years 9 months		3 years 9 months
Aggregated intrinsic value, Beginning balance | ¥		¥ 43,011		¥ 20,514		¥ 3,031
Aggregated intrinsic value, Ending balance | ¥		48,921		¥ 43,011		¥ 20,514
Aggregated intrinsic value, Option exercisable | ¥		¥ 6,644
Employee [Member]
Number of Options - Beginning balance		11,821		12,665		2,950
Number of Options - Cancelled						(2,950)
Number of Options - Granted		32,932				12,766
Number of Options - Forfeited		(3,714)		(844)		(101)
Share options, exercised		(3,235)
Number of Options - Ending balance		37,804		11,821		12,665
Number of Options - Exercisable	5,002	5,002
Consultants [Member]
Number of Options - Beginning balance		500		500
Number of Options - Granted		363				500
Number of Options - Ending balance		863		500		500
Number of Options - Exercisable	250	250

Share-based Compensation - Su_3

Share-based Compensation - Summary of Restricted Shares Activities (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares, Beginning balance	24,928,000	14,500,000
Restricted shares, Awarded	2,607,000	10,428,000	14,500,000
Restricted shares, Forfeit	(7,821,000)
Restricted shares, Vested	(9,857,000)	0
Restricted shares, Ending balance	9,857,000	24,928,000	14,500,000
Restricted weighted-average grant date fair value, Beginning balance	$ 0.23	$ 0.21
Restricted weighted-average grant date fair value, Awarded	0.27	0.26	$ 0.21
Restricted weighted-average grant date fair value, Forfeit	0.26
Restricted weighted-average grant date fair value, Vested	0.22	0
Restricted weighted-average grant date fair value, Ending balance	$ 0.23	$ 0.23	$ 0.21
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares, Beginning balance	0
Restricted shares, Awarded	9,611,020	0	0
Restricted shares, Forfeit	(5,101,000)
Restricted shares, Vested	0
Restricted shares, Ending balance	4,510,000	0
Restricted weighted-average grant date fair value, Beginning balance	$ 0
Restricted weighted-average grant date fair value, Awarded	0.22
Restricted weighted-average grant date fair value, Forfeit	0.24
Restricted weighted-average grant date fair value, Vested	0
Restricted weighted-average grant date fair value, Ending balance	$ 0.20	$ 0

Net Loss per Share - Summary of

Net Loss per Share - Summary of Following Shares Granted were Anti-Dilutive and Excluded from the Calculation of Diluted Net loss Per Share (Detail) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5,233,912	569,036,090	569,036,090
Preferred shares
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		569,036,090	569,036,090
Share options
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,092,300
Restricted shares
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,141,612

Net Loss per Share - Summary _2

Net Loss per Share - Summary of Computation of Basic and Diluted Net Loss Per Share (Detail) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)¥ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019CNY (¥)¥ / sharesshares	Dec. 31, 2018CNY (¥)¥ / sharesshares	Dec. 31, 2018$ / shares
Numerator :
Net loss	¥ (82,184)	$ (12,595)	¥ (132,957)	¥ (9,342)
Less: accretions to preferred shares redemption value	(154,066)	(23,612)	(940,186)	(216,185)
Net loss attributable to the Lizhi Inc.'s ordinary shareholders	¥ (236,250)	$ (36,207)	¥ (1,073,143)	¥ (225,527)
Denominator:
Weighted average number of ordinary shares outstanding, basic	883,202,412	883,202,412	260,000,000	260,000,000
Weighted average number of ordinary shares outstanding, diluted	883,202,412	883,202,412	260,000,000	260,000,000
Basic net loss per share attributable to Lizhi Inc.'s ordinary shareholders | (per share)	¥ (0.27)	$ (0.04)	¥ (4.13)	¥ (0.87)	$ (0.87)
Diluted net loss per share attributable to Lizhi Inc.'s ordinary shareholders | (per share)	¥ (0.27)	$ (0.04)	¥ (4.13)	¥ (0.87)	$ (0.87)
American Depositary Shares [Member]
Denominator:
Weighted average number of ordinary shares outstanding, basic	44,160,121	44,160,121	13,000,000	13,000,000
Weighted average number of ordinary shares outstanding, diluted	44,160,121	44,160,121	13,000,000	13,000,000
Basic net loss per share attributable to Lizhi Inc.'s ordinary shareholders | ¥ / shares	¥ (5.35)		¥ (82.55)	¥ (17.35)
Diluted net loss per share attributable to Lizhi Inc.'s ordinary shareholders | ¥ / shares	¥ (5.35)		¥ (82.55)	¥ (17.35)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - CNY (¥)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Litigation liabilities	¥ 0	¥ 0
Office Space And Staff Quarters [Member]
Lease expiration date	Dec. 31, 2022

Fair Value Measurement - Additi

Fair Value Measurement - Additional Information (Detail) - CNY (¥)	Dec. 31, 2020	Dec. 31, 2019
Financial instruments measured at fair value disclosure	¥ 0	¥ 0
Fair Value, Nonrecurring [Member]
Financial assets at fair value	0	0
Financial liabilities at fair value	¥ 0	¥ 0

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis (Detail) - Dec. 31, 2020 - Fair Value, Recurring [Member] ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
Fair Value, Net Asset (Liability) [Abstract]
Short-term investments	¥ 73,022	$ 11,191
Total	73,022	$ 11,191
Level 2
Fair Value, Net Asset (Liability) [Abstract]
Short-term investments	73,022
Total	¥ 73,022

Restricted Net Assets - Additio

Restricted Net Assets - Additional Information (Detail) ¥ in Millions	Dec. 31, 2020CNY (¥)
Receivables [Abstract]
Annual appropriation to reserve percent	10.00%
Restricted assets	¥ 9.5

Additional Information - Cond_3

Additional Information - Condensed Financial Statements of the Parent Company - Summary of Condensed Statements of Operations And Comprehensive Loss (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Operation expenses:
Selling and marketing expenses	¥ (142,734)	$ (21,875)	¥ (208,550)	¥ (135,014)
General and administrative expenses	(88,856)	(13,618)	(45,714)	(26,702)
Other expenses:
Equity in loss of subsidiaries, VIEs and subsidiaries of VIEs	1,241	190		(458)
Others, net	(3,975)	(609)	(2,050)	(675)
Net loss	(82,184)	(12,595)	(132,957)	(9,342)
Accretions to preferred shares redemption value	(154,066)	(23,612)	(940,186)	(216,185)
Net loss attributable to ordinary shareholders	(236,250)	(36,207)	(1,073,143)	(225,527)
Net loss	(82,184)	(12,595)	(132,957)	(9,342)
Other comprehensive income/(loss):
Total comprehensive loss	(88,522)	(13,566)	(132,286)	(6,693)
Accretions to preferred shares redemption value	(154,066)	$ (23,612)	(940,186)	(216,185)
Parent Company [Member]
Operation expenses:
Selling and marketing expenses	(1,554)
General and administrative expenses	(14,518)		(1,883)	(1,036)
Total operating expenses	(16,072)		(1,883)	(1,036)
Other expenses:
Equity in loss of subsidiaries, VIEs and subsidiaries of VIEs	(66,680)		(131,325)	(8,183)
Others, net	568		251	(123)
Net loss	(82,184)		(132,957)	(9,342)
Accretions to preferred shares redemption value	(154,066)		(940,186)	(216,185)
Net loss attributable to ordinary shareholders	(236,250)		(1,073,143)	(225,527)
Net loss	(82,184)		(132,957)	(9,342)
Other comprehensive income/(loss):
Foreign currency translation adjustments	(6,338)		671	2,649
Total comprehensive loss	(88,522)		(132,286)	(6,693)
Accretions to preferred shares redemption value	(154,066)		(940,186)	(216,185)
Total comprehensive loss to ordinary shareholders	¥ (242,588)		¥ (1,072,472)	¥ (222,878)

Additional Information - Cond_4

Additional Information - Condensed Financial Statements of the Parent Company - Summary of Condensed Balance Sheets (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)	Dec. 31, 2017CNY (¥)
Current assets:
Cash and cash equivalents	¥ 315,459	$ 48,300	¥ 82,709
Prepayments and other current assets	19,371	2,969	18,774
Total current assets	419,908	64,353	104,462
Non-current assets:
Other non-current assets	2,181	334	2,133
Total non-current assets	43,910	6,729	36,221
TOTAL ASSETS	463,818	71,082	140,683
Current liabilities:
Salary and welfare payable	93,288	14,297	68,935
Total current liabilities	288,629	44,234	192,124
Other Liabilities, Noncurrent	5,411	829	0
Total non-current liabilities	5,998	919	0
TOTAL LIABILITIES	294,627	45,153	192,124
TOTAL MEZZANINE EQUITY			1,946,990	¥ 1,006,804	¥ 790,619
SHAREHOLDERS' (DEFICIT)/EQUITY:
Ordinary shares (US$0.0001 par value, 930,963,910 and 1,500,000,000 shares authorized as of December 31, 2019 and 2020, respectively, 285,428,430 shares issued and 260,000,000 shares outstanding as of December 31, 2019, respectively and 941,464,520 shares issued and 924,318,450 shares outstanding as of December 31, 2020, respectively)	640	98	189
Treasury stock	(12)	(2)	(18)
Additional paid in capital	2,409,753	369,311	0
Accumulated deficit	(2,239,300)	(343,185)	(2,003,031)
Accumulated other comprehensive income/(loss)	(1,909)	(293)	4,429
TOTAL SHAREHOLDERS' (DEFICIT)/EQUITY:	169,191	25,929	(1,998,431)	¥ (925,959)	¥ (703,081)
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' (DEFICIT)/EQUITY	463,818	$ 71,082	140,683
Parent Company [Member]
Current assets:
Cash and cash equivalents	148,922		16,845
Prepayments and other current assets	2,475
Total current assets	151,397		16,845
Non-current assets:
Investments in subsidiaries, VIE and subsidiaries of VIE	27,471		(74,979)
Other non-current assets	1,470		6,720
Total non-current assets	28,941		(68,259)
TOTAL ASSETS	180,338		(51,414)
Current liabilities:
Salary and welfare payable	1,678
Accrued expenses and other current liabilities	4,058		27
Total current liabilities	5,736		27
Other Liabilities, Noncurrent	5,411
Total non-current liabilities	5,411
TOTAL LIABILITIES	11,147		27
TOTAL MEZZANINE EQUITY	0		1,946,990
SHAREHOLDERS' (DEFICIT)/EQUITY:
Ordinary shares (US$0.0001 par value, 930,963,910 and 1,500,000,000 shares authorized as of December 31, 2019 and 2020, respectively, 285,428,430 shares issued and 260,000,000 shares outstanding as of December 31, 2019, respectively and 941,464,520 shares issued and 924,318,450 shares outstanding as of December 31, 2020, respectively)	640		189
Treasury stock	(12)		(18)
Additional paid in capital	2,409,753
Accumulated deficit	(2,239,281)		(2,003,031)
Accumulated other comprehensive income/(loss)	(1,909)		4,429
TOTAL SHAREHOLDERS' (DEFICIT)/EQUITY:	169,191		(1,998,431)
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' (DEFICIT)/EQUITY	180,338		(51,414)
Parent Company [Member] | Pre-IPO Series A Convertible Redeemable Preferred Shares [Member]
Current liabilities:
TOTAL MEZZANINE EQUITY	0		344,876
Parent Company [Member] | Pre-IPO Series B Convertible Redeemable Preferred Shares [Member]
Current liabilities:
TOTAL MEZZANINE EQUITY	0		400,476
Parent Company [Member] | Pre-IPO Series C Convertible Redeemable Preferred Shares [Member]
Current liabilities:
TOTAL MEZZANINE EQUITY	0		485,302
Parent Company [Member] | Pre-IPO Series C1 Convertible Redeemable Preferred Shares [Member]
Current liabilities:
TOTAL MEZZANINE EQUITY	0		117,973
Parent Company [Member] | Pre-IPO Series C1 Plus Convertible Redeemable Preferred Shares [Member]
Current liabilities:
TOTAL MEZZANINE EQUITY	0		92,966
Parent Company [Member] | Pre-IPO Series D Convertible Redeemable Preferred Shares [Member]
Current liabilities:
TOTAL MEZZANINE EQUITY	0		438,439
Parent Company [Member] | Pre-IPO Series D1 Convertible Redeemable Preferred Shares [Member]
Current liabilities:
TOTAL MEZZANINE EQUITY	¥ 0		¥ 66,958

Additional Information - Cond_5

Additional Information - Condensed Financial Statements of the Parent Company - Condensed Balance Sheets (Parenthetical) (Detail)	Dec. 31, 2020$ / sharesshares	Dec. 31, 2019$ / shares	Dec. 31, 2019CNY (¥)¥ / sharesshares	Dec. 31, 2018shares	Dec. 31, 2017shares
Convertible Redeemable Preferred Shares,Shares Outstanding			569,036,090	569,036,090	569,036,090
Common Stock [Member]
Ordinary shares, par value | $ / shares	$ 0.0001	$ 0.0001
Ordinary shares, shares authorized	1,500,000,000		930,963,910
Ordinary shares, shares issued	941,464,520		285,428,430
Ordinary shares, shares outstanding	924,318,450		260,000,000
Parent Company [Member] | Common Stock [Member]
Ordinary shares, shares authorized	1,500,000,000		930,963,910
Ordinary shares, shares issued	941,464,520		285,428,430
Ordinary shares, shares outstanding	924,318,450		260,000,000
Parent Company [Member] | Pre-IPO Series A Convertible Redeemable Preferred Shares, Liquidation Value [Member]
Convertible Redeemable Preferred Share Par Value Share | $ / shares		0.0001
Convertible Redeemable Preferred Share Authorized	0		100,000,000
Convertible Redeemable Preferred Share Issued	0		100,000,000
Convertible Redeemable Preferred Shares,Shares Outstanding	0		100,000,000
Convertible Redeemable preferred shares, Redemption Price Per Share | ¥ / shares			¥ 3.31
Convertible Redeemable Preferred Shares,Liquidation Value | ¥			¥ 2.93
Parent Company [Member] | Pre-IPO Series B Convertible Redeemable Preferred Shares, Liquidation Value [Member]
Convertible Redeemable Preferred Share Par Value Share | $ / shares		0.0001
Convertible Redeemable Preferred Share Authorized	0		116,666,650
Convertible Redeemable Preferred Share Issued	0		116,666,650
Convertible Redeemable Preferred Shares,Shares Outstanding	0		116,666,650
Convertible Redeemable preferred shares, Redemption Price Per Share | ¥ / shares			¥ 3.33
Convertible Redeemable Preferred Shares,Liquidation Value | ¥			¥ 3.09
Parent Company [Member] | Pre-IPO Series C Convertible Redeemable Preferred Shares, Liquidation Value [Member]
Convertible Redeemable Preferred Share Par Value Share | $ / shares		0.0001
Convertible Redeemable Preferred Share Authorized	0		142,583,330
Convertible Redeemable Preferred Share Issued	0		142,583,330
Convertible Redeemable Preferred Shares,Shares Outstanding	0		142,583,330
Convertible Redeemable preferred shares, Redemption Price Per Share | ¥ / shares			¥ 3.42
Convertible Redeemable Preferred Shares,Liquidation Value | ¥			¥ 3.58
Parent Company [Member] | Pre-IPO Series C1 Convertible Redeemable Preferred Shares, Liquidation Value [Member]
Convertible Redeemable Preferred Share Par Value Share | $ / shares		0.0001
Convertible Redeemable Preferred Share Authorized	0		34,697,360
Convertible Redeemable Preferred Share Issued	0		34,697,360
Convertible Redeemable Preferred Shares,Shares Outstanding	0		34,697,360
Convertible Redeemable preferred shares, Redemption Price Per Share | ¥ / shares			¥ 3.42
Convertible Redeemable Preferred Shares,Liquidation Value | ¥			¥ 3.58
Parent Company [Member] | Pre-IPO Series C1 Plus Convertible Redeemable Preferred Shares, Liquidation Value [Member]
Convertible Redeemable Preferred Share Par Value Share | $ / shares		0.0001
Convertible Redeemable Preferred Share Authorized	0		26,912,090
Convertible Redeemable Preferred Share Issued	0		26,912,090
Convertible Redeemable Preferred Shares,Shares Outstanding	0		26,912,090
Convertible Redeemable preferred shares, Redemption Price Per Share | ¥ / shares			¥ 3.4
Convertible Redeemable Preferred Shares,Liquidation Value | ¥			¥ 4.03
Parent Company [Member] | Pre-IPO Series D Convertible Redeemable Preferred Shares, Liquidation Value [Member]
Convertible Redeemable Preferred Share Par Value Share | $ / shares		0.0001
Convertible Redeemable Preferred Share Authorized	0		128,152,790
Convertible Redeemable Preferred Share Issued	0		128,152,790
Convertible Redeemable Preferred Shares,Shares Outstanding	0		128,152,790
Convertible Redeemable preferred shares, Redemption Price Per Share | ¥ / shares			¥ 3.52
Convertible Redeemable Preferred Shares,Liquidation Value | ¥			¥ 4.48
Parent Company [Member] | Pre-IPO Series D1 Convertible Redeemable Preferred Shares, Liquidation Value [Member]
Convertible Redeemable Preferred Share Par Value Share | $ / shares		$ 0.0001
Convertible Redeemable Preferred Share Authorized	0		20,023,870
Convertible Redeemable Preferred Share Issued	0		20,023,870
Convertible Redeemable Preferred Shares,Shares Outstanding	0		20,023,870
Convertible Redeemable preferred shares, Redemption Price Per Share | ¥ / shares			¥ 3.51
Convertible Redeemable Preferred Shares,Liquidation Value | ¥			¥ 4.48

Additional Information - Cond_6

Additional Information - Condensed Financial Statements of the Parent Company - Summary of Condensed Statements of Cash Flows (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Net cash used in operating activities	¥ 40,000	$ 6,130	¥ (95,753)	¥ 13,962
Net cash used in investing activities
Net cash used in investing activities	(94,559)	(14,492)	(29,370)	(17,375)
Net cash generated from financing activities
Proceeds from issuance of ordinary shares, net	259,043	39,700
Proceeds from excercise of vested share options	2
Net cash generated from financing activities	298,046	45,677
Effect of exchange rate changes on cash,cash equivalents and restricted cash	(7,038)	(1,079)	2,228	2,508
Net increase/(decrease) in cash, cash equivalents and restricted cash	236,445	36,236	(122,895)	(905)
Cash and cash equivalents at beginning of the year	82,709	12,676	205,604	206,509
Cash, cash equivalents and restricted cash at end of the year	319,154	$ 48,912	82,709	205,604
Parent Company [Member]
Net cash used in operating activities	(8,076)		(15,239)	(991)
Net cash used in investing activities
Cash paid for investments in subsidiaries, VIE and subsidiaries of VIE	(113,197)		(21,094)
Net cash used in investing activities	(113,197)		(21,094)
Net cash generated from financing activities
Proceeds from issuance of ordinary shares, net	259,043
Proceeds from excercise of vested share options	2
Net cash generated from financing activities	259,045
Effect of exchange rate changes on cash,cash equivalents and restricted cash	(5,695)		941	2,531
Net increase/(decrease) in cash, cash equivalents and restricted cash	132,077		(35,392)	1,540
Cash and cash equivalents at beginning of the year	16,845		52,237	50,697
Cash, cash equivalents and restricted cash at end of the year	¥ 148,922		¥ 16,845	¥ 52,237