"Behind the Velvet Rope: The $3.8 Billion Underground Economy of Shanghai's VIP Clubs"

Industry Structure- Tier System: • Diamond Tier (¥50,000+ per night) • Gold Tier (¥20,000-50,000) • Silver Tier (¥8,000-20,000) - Notable Establishments: • The Chrysanthemum Room (Huangpu) • Cloud Nine (Pudong) • Dragon Gate (