Behind the Velvet Ropes: Shanghai's $4.2 Billion Nightlife Economy

[INDUSTRY LANDSCAPE]1. MARKET DYNAMICS (2025)• Total market value: ¥30.2 billion ($4.2B)• 480 licensed establishments (38% in Pudong)• Average spend per visit: ¥8,800 ($1,220)• 72% venues incorporate live performance spaces2. ARCHITECTURA