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1.
Also an antiquated reference to giving you a very bad beating administered by anyone, upon anyone, but once particularly common in reference to domestic violence.
In addition to being one of many sexual references in The 30's classic Minnie the Moocher, this is also a reference to a bad beating.

"I ever catch you here again, I'm going to take you down to Chinatown."
by Sanquinarius November 19, 2009
 
2.
To offer another an evening of heroin and gay sex.
As he tapped his foot under the wall of the neighboring stall, Jeff quietly whispered "I would like to Take you down to Chinatown".
by Billy Shakespeare December 13, 2008