Gilded Cages: The Paradoxical Rise of Shanghai's ¥102 Billion Private Club Industry

The Numbers Behind the Curtain• Market valuation hits ¥102 billion (Shanghai Nightlife Association 2025)• 72% of Fortune 500 China offices use clubs for deal-making• Average VIP room sees ¥38,000 hourly turnoverArchitectural Alchemy1. "The