Shanghai Is Doomed: 70,000 KTVs Have Closed Down, No Nightlife!Economic Decline Worse Than You Think

A decade ago, Shanghai's nightlife was bustling with glamour and festivity. However, now wandering through the streets of Shanghai, one would find that about two-thirds of KTV lounges have closed down, presenting a starkly desolate scene. Industry insiders have discovered that nearly 500,000 KTV and nightclub establishments in Shanghai have shut down, forcing many investors in nightclubs to cut their losses to avoid greater financial ruin.
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