Shanghai's Nightlife Evolution: The New Era of Entertainment Venues in China's Global City I. INDUSTRY LANDSCAPE1. Market Overview:- 1,287 licensed entertainment venues citywide- ¥28.7 billion annual revenue (2024 figures)- 23% year-on-year growth since pandemic2. Category Breakdown:A) High-End Clubs:- Average spending ¥3,000-8,000 per