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European ecommerce companies that grew quickly in the pandemic are having to adapt to a slowdown in both consumer spending and venture capital funding — forcing a rethink in strategy. “We are not spending as aggressively,” says Daniel Kundt, chief financial officer of KoRo, a German online bulk food retailer. Businesses like KoRo surged during 2021 when ecommerce was the second-fastest growing sector in Europe, according to the latest FT1000 ranking of European companies.