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slowed to a six-year low. Forresteru2019s Meena said the sales last week was the time when both Amazon and Flipkart could have bounced back. According to industry reports, e-commerce businesses generate nearly a third of their annual sales in India during this festive season.n

But even as the growth rate has slowed down, Meena said the fact that both these companies along with other online retailers were able to generate so much sale is good news for them.n

u201cOverall 2019 has been a slow year for e-commerce,u201d he told TechCrunch in an interview. u201cTwo things are clear, though. One is that there remains a big opportunity for e-commerce in India. Second, consumers from smaller cities and towns are increasing their online spending.u201dn

In the meantime, both Amazon and Flipkart have steered clear of sharing any meaningful internal data. Flipkart said that its marketplace had registered u201c2X sales growth.u201d The company said it had seen u201c3X transaction growthu201d and electronics grew over u201c70% from tier 2+ cities.u201d Amazon said u201cfashion grew 5Xu201d and beauty items saw u201c7Xu201d jump in sales.n

The companies have never disclosed exact figures, so it is impossible to fathom how one should assess this growth.n”,”protected”:false},”excerpt”:”rendered”:”

Even Indiau2019s biggest festive season, featuring blinding marketing blitzkrieg and heavy discounts from Amazon India and Walmart’s Flipkart, has failed to escape the pains of slowing economy. 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On September 17, HTC announced that cofounder Cher Wang would be stepping down as CEO. In her place, Yves Maitre stepped into the role of Chief Executive, after more than a decade at French telecom giant, Orange.n

Itu2019s a tough job at an even tougher time. The move comes on the tail of five consecutive quarterly losses and major layoffs, including a quarter of the companyu2019s staff, which were let go in July of last year.n

Itu2019s a far fall for a company that comprised roughly 11 percent of global smartphone sales, some eight years ago. These days, HTC is routinely relegated to the u201cotheru201d column when these figures are published.n

All of this is not to say that the company doesnu2019t have some interesting irons in the fire. With Vive, HTC has demonstrated its ability to offer a cutting edge VR platform, while Exodus has tapped into an interest in exploring the use of blockchain technologies for mobile devices.n

Of course, neither of these examples show any sign of displacing HTCu2019s once-booming mobile device sales. And this Januaryu2019s $1.1 billion sale of a significant portion of its hardware division to Google has left many wondering whether it has much gas left in the mobile tank.n

With Wang initially scheduled to appear on stage at Disrupt this week, the company ultimately opted to have Maitre sit in on the panel instead. In preparation for the conversation, we sat down with the executive to discuss his new role and future of the struggling Taiwanese hardware company.n

5G, XR and the future of the HTC brandn


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