Samsung Delays Galaxy Fold As TechCrunch Highlights Major Funding Rounds
Samsung delays the launch of its Galaxy Fold smartphone due to reported display malfunctions. Meanwhile, TechCrunch's daily roundup covers major moves from Tencent, SiriusXM, Pax Labs, and Sony.
Samsung delays the release of its highly anticipated Galaxy Fold just days before the official launch date. The Wall Street Journal reports that the tech giant pushes back the timeline without providing a firm new date, though the phone is still expected to arrive in the coming weeks. This delay follows multiple reports of malfunctioning displays from early reviewers, even though TechCrunch's own reviewer experiences no issues with the device.
The daily tech landscape also sees significant financial and strategic moves from other major companies. Tencent leads a Series C funding round for Tangdou, a popular Chinese app that teaches older women how to dance. Additionally, Pax Labs secures $420 million in funding at a $1.7 billion valuation to expand its vape products and explore hemp-based CBD extracts.
In the streaming and transportation sectors, SiriusXM introduces a new $8 per month streaming-only plan called Essential that targets smart speaker owners. Over in Japan, Sony launches a taxi-hailing app in Tokyo to compete with Uber, partnering with five licensed taxi companies to navigate the country's strict regulations against civilian ride-hailing.