Pepsi to buy Chinese online snacks retailer Be & Cheery for $705m

Pepsi to buy Chinese online snacks retailer Be & Cheery for $705m

Photo from PepsiCo's social media page.

PepsiCo Inc. plans to buy online snacks company Hangzhou Haomusi Food Co. — known as Be & Cheery — for $705 million from Haoxiangni Health Food Co. as the maker of Doritos and Lay’s potato chips expands in China.