"Neon Phoenix: How Shanghai's Club Industry Reinvented Itself for the Post-Digital Age"

[Market Reconfiguration]• 89% occupancy at premium venues (2025 Q2 data)• ¥12 billion industry valuation (32% growth since 2024)• Average table spending: ¥22,000 (up 40% from 2023)• 53% of clubs now incorporate metaverse elements[Innovati