"Velvet Ropes & Digital Wallets: The $5.8 Billion Shadow Economy of Shanghai's Nightlife"

Industry Segmentation- Tier 1 Clubs (平均消费 ¥88,888/晚): • The Bund's waterfront palaces • Pudong's skyline venues • Historic mansion conversions- Emerging Models: • Crypto-member lounges • AI-hosted VIP rooms • "Clean ent