BEIJING (Reuters) – Starbucks will lower prices of some iced drinks by an average of 5 yuan ($0.70) in China, the company said in a post published on its Weixin social media account on Monday.
The U.S. coffee chain said it would create a “whole-day” service scenario, focusing more on the afternoon with the products whose prices are more “accessible” from Tuesday.
($1 = 7.1870 Chinese yuan renminbi)
(Reporting by Sophie Yu and Brenda Goh; Editing by Jamie Freed)