The US coffee company shared on its Weixin account that the move aims to make a wide range of drinks, including non-coffee options and Frappuccinos, more affordable as market competition grows and

Starbucks Corp. on Monday announced price cuts for a slew of its tea-based beverages at its stores across China, as the American coffee chain takes a more aggressive approach to revive sales at its second-biggest market.

Starbucks is set to lower the prices of some of its iced drinks in China by an average of 5 yuan ($0.70), the company announced on Monday. The US coffee chain said in a post on its Weixin social media account that it would offer more "accessible" prices on dozens of its drinks, including non-coffee drinks and the Frappuccino, from Tuesday.