Remove Bahrain Remove Profit Remove Public
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With ride-hail and delivery launch, Fenix wants to be the Bolt of the Middle East

TechCrunch

The company launched “Fenix Taxi” in Manama, Bahrain, on Monday and says it’s planning to add two additional markets this summer. Fenix launches ride-hailing service in Bahrain. Otherwise, the company is mainly relying on profits from its core micromobility business to fund these new business lines.

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Meituan’s next decade: expands global footprint with focus on retail and AI

TechNode

As consumers tighten their budgets, increasing numbers turn to gig work as delivery riders, and restaurant owners struggle to stay afloat, Meituan continues to report record profits. This has intensified public scrutiny on how the platform balances growth with social responsibility.