We tried it once around 2PM. The place was empty... Talked to the manager and she explained it was a typical Chinese place where you usually go with a group of friends/colleagues and either sit in the main room or rent a private room.
Main Room: This is like a regular strip/hostess club, but the girls on stage do not get completely naked. You choose a girl you like and she will sit and talk to you while you buy her expensive drinks.
Private room: You buy drinks/food and are accompanied by girls. Same deal as above, but you will have to pay a fee for the room (think it was $3-400 for the room).
In both situations you can (this is the whole point with the place) make a deal with the girl. You negotiate a price directly with the girl and have to pay a fee to take her out of the club.
To be honest it did not appeal to us, so we did not go back later to check it out, but might be a good place to hand pick some Chinese talent!
Please report back if you try it out!