JD.com is acquiring Germany's Ceconomy in a deal that values the electronics retailer at 2.2 billion euros ($2.5 billion), allowing one of China's largest online retailers to expand outside of its home market.

Ceconomy operates two of Europe’s largest electronics retail chains with online shops and more than 1,000 brick-and-mortar stores across 11 markets.

Chinese e-commerce firm JD.com Inc. offered to acquire Ceconomy AG in a deal that would value Europe’s largest consumer electronics retailer at about €2.2 billion ($2.5 billion).