Shanghai's Nightlife Evolution: How Entertainment Venues Are Redefining Urban Leisure in 2025

PART I: MARKET LANDSCAPE1.1 Industry Overview:- 3,200 licensed entertainment venues operating citywide- ¥48 billion annual revenue (18% growth since 2022)- 72% located in Huangpu, Jing'an, and Xuhui districts1.2 Consumer Demographics:- 65% busines