HUYA shares are trading lower after the Chinese online platform along with its peers recently scrapped lucky draw features amid gambling crackdown.
Portfolio Pulse from Benzinga Newsdesk
HUYA shares are trading lower after the company, along with its peers, recently scrapped lucky draw features amid a gambling crackdown in China.

August 25, 2023 | 11:42 am
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HUYA's stock price is trading lower due to the company's decision to scrap lucky draw features amid a gambling crackdown in China.
HUYA's decision to scrap lucky draw features, a popular aspect of their platform, in response to China's gambling crackdown is likely to negatively impact their user engagement and revenue, leading to a decrease in their stock price.
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