The Paramount was built in 1932. Before 1949, it was one of the most popular and most famous nightclubs in the Far East and its ballroom was considered an ideal place for social gatherings. The structure of the ballroom is of American style, which was a breakthrough in China's architecture in the 1930s. On its top is a straight cylindrical tower installed with colorful neon lights. After 1954, the Paramount was turned into a theater. In late 1999, it was given a thorough face lifting.