The “Lite” version is an introductory one, and many of the features are withheld.
Cinema 4D Lite was released in 2014 and came with Adobe After Effects Creative Cloud 2014.
There are no technical differences between the demo, commercial, and educational versions. It also includes all features from the ‘Studio’ variant.
This replaces all other variants, including BodyPaint 3D. Every import and export format is more robust and feature-packed than ever.