Nov 8, 2019

Chinese digital marketing agency Cue & Co. reportedly prepping U.S. IPO

Cue & Co., a Chinese digital marketing agency, reportedly hired bankers for a U.S. IPO that could seek to raise upwards of $400 million at a $2 billion valuation.

Why it matters: This is the latest in a flurry of U.S. IPO activity by Chinese companies, reflecting how no one in either country is taking Washington's de-listings threat seriously.

  • Cue was formed in early 2019 when KKR backed a roll-up of four Chinese digital ad agencies. It then raised an undisclosed amount of Series A funding from Anchor Equity Partners and Princeville Global.

The bottom line: "Cue works with Chinese tech companies like ByteDance, Baidu and Tencent to source advertising on their popular Chinese apps like WeChat, Douyin, Jinri Toutiao, and Kuaishou, writes Reuters' Scott Murdoch and Julie Zhu.

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In photos: Authorities issue warning as Americans venture out for Memorial Day weekend

Ocean City in New Jersey on May 25. Photo: Donald Kravitz/Getty Images

Authorities urged Americans to maintain social distancing and wear masks to protect against the spread of the novel coronavirus amid reports of packed beaches and bars during the Memorial Day weekend.

Details: Law enforcement stepped up beach patrols, and there were crowded scenes in several places, notably at Lake of the Ozarks bars in Missouri and at Daytona Beach and on the Gulf Coast in Florida, per AP. Police dispersed crowds in some places, ABC notes. But many Americans did take precautions against COVID-19 as they ventured outside for the long weekend, some three months after the pandemic began in the U.S.

Go deeper (<1 min. read)ArrowUpdated 15 mins ago - Health

Coronavirus stay-at-home orders crater voter registration efforts

A volunteer looks for persons wanting to register to vote on July 4, 2019 in Santa Fe, N.M. Photo: Robert Alexander/Getty Images

The coronavirus pandemic is scuppering usual "get out the vote" efforts, leading to fears that large swaths of Americans could miss out on this year's elections.

What’s happening: Advocacy groups typically target college campuses, churches, festivals, fairs and other gatherings to seek out people who have yet to register, but many of those places are now closed. Voter registration efforts have largely moved to the internet, but advocates question whether that will be as effective as the person-to-person pitch.

Go deeper (1 min. read)Arrow48 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 5,471,768 — Total deaths: 344,911 — Total recoveries — 2,223,523 — Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 1,660,072 — Total deaths: 98,184 — Total recoveries: 379,157 — Total tested: 14,604,942 — Map.
  3. World: Italy reports lowest number of new cases since February — Ireland reports no new coronavirus deaths on Monday for the first time since March 21 — WHO suspends trial of hydroxychloroquine over safety concerns.
  4. 2020: Trump threatens to move Republican convention from North Carolina — Joe Biden makes first public appearance in two months.
  5. Public health: Officials are urging Americans to wear masks over Memorial Day.
  6. Economy: New York stock exchange to reopen its floor on Tuesday — White House economic adviser Kevin Hassett says it's possible the unemployment rate could still be in double digits by November's election — Charities refocus their efforts to fill gaps left by government.
  7. What should I do? Hydroxychloroquine questions answered — Traveling, asthma, dishes, disinfectants and being contagious — Masks, lending books and self-isolating — Exercise, laundry, what counts as soap — Pets, moving and personal health — Answers about the virus from Axios experts — What to know about social distancing — How to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Updated 1 hour ago - Politics & Policy