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.

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.

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).