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 retail giant JD is set to expand its presence in the international marketplace after a deal was announced for it to acquire German electronics retailer Ceconomy AG.