Starbucks promoted its new drink ... prices of its drinks are now closer to those from upscale Chinese tea chains and Luckin, with the latter offering aggressive discounts all year round.

(Yicai) June 11 -- New Hope Dairy announced its entry into the beverage market yesterday as the Chinese dairy company joins a ...

The chain is selling Frappuccinos and iced teas in the summer for as low as $3.20.