The Velvet Revolution: Shanghai's High-Tech Entertainment Venues Redefining Nightlife in 2025

I. THE NEW ECONOMICS OF SHANGHAI NIGHTLIFE1. Market Overview (2025):- ¥62.3 billion annual revenue (20% YoY growth)- 2,450 licensed venues citywide- 245,000 direct employment positions- 45% foreign visitor participation rate2. Sector Breakdown:•