Daily Crunch: Samsung delays the Galaxy Fold

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1. Samsung reportedly pushes back Galaxy Fold release

Four days out from the Galaxy Fold’s official release date, Samsung is pushing things back a bit, according to a report from The Wall Street Journal. There’s no firm time frame for the launch, though the phone is still expected “in the coming weeks.”

TechCrunch’s reviewer Brian Heater says he hasn’t experienced any issues with his device, but a number of others reported malfunctioning displays.

2. Tencent’s latest investment is an app that teaches grannies in China to dance

Called Tangdou, or “sugar beans” in Chinese, the app announced that it has raised a Series C funding round led by Tencent.

3. SiriusXM’s new streaming-only ‘Essential’ plan targets smart speaker owners

The company has launched a new plan called SiriusXM Essential, targeting those who listen in-home and on mobile devices. The streaming-only plan is also more affordable — $8 per month, versus the $15.99 per month (and up) plans for SiriusXM’s satellite radio service for cars.

4. Confirmed: Pax Labs raises $420M at a valuation of $1.7B

That’s right, $420 million for a vape maker. CEO Bharat Vasan said, “This financing round allows us to invest in new products and new markets, including international growth in markets like Canada and exploring opportunities in hemp-based CBD extracts.”

5. Sony launches a taxi-hailing app to rival Uber in Tokyo

The service is a joint venture between Sony, its payment services subsidiary and five licensed taxi companies. Because ride-hailing with civilian cars is illegal in Japan, the service will focus on connecting licensed taxis with passengers.

6. The Exit: an AI startup’s McPivot

An in-depth interview with investor Adam Fisher about the recent McDonald’s acquisition of Dynamic Yield. (Extra Crunch membership required.)

7. This week’s TechCrunch podcasts

This week’s episode of Equity addresses the aforementioned cannabis vaping round, followed up by an Equity Shot about the Fastly S-1. Meanwhile, on Original Content we reviewed Donald Glover’s “Guava Island” and discussed the new season of “Game of Thrones.”

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