<p><strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">1. Core Business Terms </span></strong></p><p><span style="background-color: rgb(255, 255, 255); color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve;">★<strong> blind box </strong> </span></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">English Definition: A sealed package containing toys of unknown designs, a core product of Pop Mart. </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Example：Blind boxes are so popular that they sell out within minutes of release.（盲盒非常受歡迎，發售幾分鐘內就銷售一空。） </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Knowledge point：It leverages the "temptation of uncertainty" psychology to drive consumers to repeat purchases. </span></p></li></ul><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong><br/></strong></span></p><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong>★stock price </strong></span></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">English Definition: The trading price of a company's stock in the securities market.</span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Example：Pop Mart’s stock price skyrocketed due to the global craze for its blind boxes.（由於全球對泡泡瑪特盲盒的追捧，其股價飆升。） </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Knowledge point：Its stock price has surged over 1200% since early 2024, reflecting market optimism about its growth. </span></p></li></ul><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><br/></span></p><p><strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">★IP (Intellectual Property) </span></strong></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">English Definition: Legally protected original content such as characters and designs, forming a brand’s core competitiveness. </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Example：Labubu, one of Pop Mart’s hit IPs, drove a 726% revenue increase.（Labubu是泡泡瑪特的熱門IP之一，推動收入增長了726%。） </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Knowledge point：In 2024, over 85% of its revenue came from exclusive IPs合作 with artists. </span></p></li></ul><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><br/></span></p><p><strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">★viral moment </span></strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"> </span></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">English Definition: A phase when a product or phenomenon rapidly gains popularity through social media. </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Example：The viral moment of Pop Mart’s blind boxes led to its stock surge.（泡泡瑪特盲盒的病毒式傳播時刻推動了其股價上漲。） </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Knowledge point：This phase drives a brand’s sudden fame but requires breaking through short-term popularity to achieve long-term growth. </span></p><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"></span></p><p><br/></p></li></ul><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong>2. Market and Consumer Behavior </strong> </span></p><p><strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong style="text-wrap-mode: wrap;"><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">★</span></strong>revenue </span></strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"> </span></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">English Definition: The total amount of money a company earns from selling products. </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Example：Pop Mart’s revenue doubled in the past year, mainly from blind boxes.（泡泡瑪特去年的收入翻倍，主要來自盲盒。） </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Knowledge point：In 2024, overseas revenue accounted for 40% of the total, up from 17%, demonstrating the effectiveness of globalization. </span></p></li></ul><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong><strong style="text-wrap-mode: wrap;"><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong><br/></strong></span></strong></strong></span></p><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong><strong style="text-wrap-mode: wrap;"><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong>★ </strong></span></strong>collector</strong> </span></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">English Definition: Consumers enthusiastic about collecting blind box series, mostly from Generation Z. </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Example：Collectors spend hundreds of dollars to complete blind box sets.（收藏者花費數百美元來湊齊盲盒套裝。） </span></p></li></ul><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><br/></span></p><p><strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"></span></strong></p><p style="text-wrap-mode: wrap;"><span style="background-color: rgb(255, 255, 255); color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve;">★<strong> blind box </strong> </span></p><ul class=" list-paddingleft-2" style="width: 342.945px; text-wrap-mode: wrap;"><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">English Definition: A sealed package containing toys of unknown designs, a core product of Pop Mart. </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Example：Blind boxes are so popular that they sell out within minutes of release.（盲盒非常受歡迎，發售幾分鐘內就銷售一空。） </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Knowledge point：It leverages the "temptation of uncertainty" psychology to drive consumers to repeat purchases. </span></p></li></ul><p style="text-wrap-mode: wrap;"><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong><br/></strong></span></p><p style="text-wrap-mode: wrap;"><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong>★ stock price </strong></span></p><ul class=" list-paddingleft-2" style="width: 342.945px; text-wrap-mode: wrap;"><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">English Definition: The trading price of a company's stock in the securities market.</span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Example：Pop Mart’s stock price skyrocketed due to the global craze for its blind boxes.（由於全球對泡泡瑪特盲盒的追捧，其股價飆升。） </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Knowledge point：Its stock price has surged over 1200% since early 2024, reflecting market optimism about its growth. </span></p></li></ul><p style="text-wrap-mode: wrap;"><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><br/></span></p><p style="text-wrap-mode: wrap;"><strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">★ IP (Intellectual Property) </span></strong></p><ul class=" list-paddingleft-2" style="width: 342.945px; text-wrap-mode: wrap;"><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">English Definition: Legally protected original content such as characters and designs, forming a brand’s core competitiveness. </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Example：Labubu, one of Pop Mart’s hit IPs, drove a 726% revenue increase.（Labubu是泡泡瑪特的熱門IP之一，推動收入增長了726%。） </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Knowledge point：In 2024, over 85% of its revenue came from exclusive IPs合作 with artists. </span></p></li></ul><p style="text-wrap-mode: wrap;"><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><br/></span></p><p style="text-wrap-mode: wrap;"><strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">★ viral moment </span></strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"> </span></p><ul class=" list-paddingleft-2" style="width: 342.945px; text-wrap-mode: wrap;"><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">English Definition: A phase when a product or phenomenon rapidly gains popularity through social media. </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Example：The viral moment of Pop Mart’s blind boxes led to its stock surge.（泡泡瑪特盲盒的病毒式傳播時刻推動了其股價上漲。） </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Knowledge point：This phase drives a brand’s sudden fame but requires breaking through short-term popularity to achieve long-term growth. </span></p><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"></span></p><p><br/></p></li></ul><p style="text-wrap-mode: wrap;"><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong>2. Market and Consumer Behavior </strong> </span></p><p style="text-wrap-mode: wrap;"><strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong>★ </strong>revenue </span></strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"> </span></p><ul class=" list-paddingleft-2" style="width: 342.945px; text-wrap-mode: wrap;"><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">English Definition: The total amount of money a company earns from selling products. </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Example：Pop Mart’s revenue doubled in the past year, mainly from blind boxes.（泡泡瑪特去年的收入翻倍，主要來自盲盒。） </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Knowledge point：In 2024, overseas revenue accounted for 40% of the total, up from 17%, demonstrating the effectiveness of globalization. </span></p></li></ul><p style="text-wrap-mode: wrap;"><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong><strong><br/></strong></strong></span></p><p style="text-wrap-mode: wrap;"><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong><strong>★ </strong></strong></span><strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">second-hand market</span></strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"> </span></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p style="text-wrap-mode: wrap;"><span style="background-color: rgb(255, 255, 255); color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve;">English Definition: A market where rare blind box items are resold at high prices. </span><span style="background-color: rgb(255, 255, 255); color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve;">Example：Rare Labubu figurines are resold at steep markups in the second-hand market.（稀有的Labubu玩偶在二手市場被高價轉售。） </span></p><p style="text-wrap-mode: wrap;"><span style="background-color: rgb(255, 255, 255); color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve;"></span></p><p style="text-wrap-mode: wrap;"><span style="background-color: rgb(255, 255, 255); color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve;"></span></p></li></ul><p style="text-wrap-mode: wrap;"><br/></p><p style="text-wrap-mode: wrap;"><span style="background-color: rgb(255, 255, 255); color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve;"></span></p><p style="text-wrap-mode: wrap;"><br/></p><p><strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">3. Corporate Strategy and Regulation </span></strong></p><p><strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">★ expansion</span></strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"> </span></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">English Definition: A company’s act of opening more stores or entering new markets.</span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Example：Pop Mart plans to expand its U.S. stores to over 20 by 2025.（泡泡瑪特計劃到2025年將其美國門店擴展至20多家。） </span></p><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong style="text-wrap-mode: wrap;"><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"></span></strong></span></p></li></ul><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong style="text-wrap-mode: wrap;"><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><br/></span></strong></span></p><p><strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">★ </span>diversification</span></strong><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"> </span></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">English Definition: Expanding product categories (e.g., soft toys, accessories) to reduce risks. </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Example：Diversification helps Pop Mart avoid over-reliance on blind boxes.（多元化幫助泡泡瑪特避免過度依賴盲盒。） </span></p></li></ul><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong><strong style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space: pre-wrap;"><span style="background-color: rgb(255, 255, 255);"><br/></span></strong></strong></span></p><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);"><strong><strong style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space: pre-wrap;"><span style="background-color: rgb(255, 255, 255);">★ </span></strong>regulatory scrutiny</strong> </span></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">English Definition: Government measures to regulate an industry. </span></p></li><li><p><span style="color: rgb(28, 31, 35); font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; white-space-collapse: preserve; background-color: rgb(255, 255, 255);">Example：Asian countries have imposed regulatory scrutiny on blind box sales.（亞洲國家已對盲盒銷售實施監管審查。）</span><br/></p></li></ul>
<p><strong>cage home (n.)</strong><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; overflow-anchor: auto; content: ""; display: block; font-size: var(--md-box-paragraph-spacing);"/></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; color: var(--md-box-samantha-deep-text-color) !important; font-size: var(--md-box-samantha-normal-text-font-size); line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto;">English Definition</span>: An extremely small living space enclosed by metal mesh, typically found in low-income areas of Hong Kong.</p><p>籠屋（以金屬網圍住的極小居住空間，常見於香港低收入地區）</p></li><li><p>Example：Milton once lived in a cage home with no privacy.（彌爾頓曾住在沒有隱私的籠屋裡。）</p></li><li><p>Knowledge point：A cage home is an extreme form of housing for Hong Kong's impoverished population, with space as</p></li><li><p>cramped as a cage. Usually partitioned by metal mesh, it lacks basic privacy and living facilities. The rent is relatively lower than that of "subdivided flats" but with much worse conditions.</p></li></ul><p><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; content: ""; display: block; font-size: var(--md-box-paragraph-spacing); overflow-anchor: auto; font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; text-wrap-mode: wrap; background-color: rgb(255, 255, 255);"/></p><p><strong>subdivided flat (n.)</strong></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; color: var(--md-box-samantha-deep-text-color) !important; font-size: var(--md-box-samantha-normal-text-font-size); line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto;">English Definition</span>: A small living unit created by dividing a larger apartment into multiple smaller spaces, often with basic facilities. 劏房<br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; font-size: var(--md-box-paragraph-spacing); overflow-anchor: auto; content: ""; display: block;"/>（將大公寓分割成多個狹小單位，設施通常簡陋）</p></li><li><p>Example：Subdivided flats are common in Hong Kong due to land scarcity.（因土地稀缺，劏房在香港很常見。）</p></li><li><p>Knowledge point：A subdivided flat is a type of housing where an original apartment is split into multiple smaller units. It is commonly found in old buildings, with an area of around 100 square feet. Such flats generally suffer from overcrowding, poor ventilation, and inadequate sanitation, and are one of the main housing choices for low-income families in Hong Kong.</p></li></ul><p><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; content: ""; display: block; font-size: var(--md-box-paragraph-spacing); overflow-anchor: auto; font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; text-wrap-mode: wrap; background-color: rgb(255, 255, 255);"/></p><p><strong>cramped (adj.)</strong></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; color: var(--md-box-samantha-deep-text-color) !important; font-size: var(--md-box-samantha-normal-text-font-size); line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto;">English Definition</span>: Extremely small and crowded, leaving little space for movement.狹小擁擠的</p></li><li><p>Example：The cubicle is so cramped that he can't stretch his legs.（這個隔間太狹小，他甚至無法伸展雙腿。）</p></li><li><p>Knowledge point：This adjective is often used to describe living spaces that are extremely narrow and unable to meet basic activity needs. In videos, it is used to emphasize the oppressive feeling of cage homes and subdivided flats.</p><p><br/></p></li></ul><p><strong>ventilation (n.)</strong></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="font-size: var(--md-box-samantha-normal-text-font-size); -webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto; color: var(--md-box-samantha-deep-text-color) !important;">English Definition</span>: The process of allowing fresh air to circulate in a space, or the state of having fresh air.</p></li><li><p>Example：Poor ventilation makes the corridor stuffy.（通風不良導致走廊悶熱。）</p></li><li><p>Knowledge point：As mentioned in the video, 18 cubicles rely on only one air conditioner for ventilation, resulting in poor air circulation in the narrow corridor. This reflects the infrastructure defects of low-income housing, and insufficient ventilation can easily lead to health problems.</p></li></ul><p><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; content: ""; display: block; font-size: var(--md-box-paragraph-spacing); overflow-anchor: auto; font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; text-wrap-mode: wrap; background-color: rgb(255, 255, 255);"/></p><p><strong>bunk bed (n.)</strong></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; color: var(--md-box-samantha-deep-text-color) !important; font-size: var(--md-box-samantha-normal-text-font-size); line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto;">English Definition</span>: A bed consisting of two mattresses stacked one on top of the other, allowing two people to sleep in the space of one bed. </p></li><li><p>Example：The two children sleep in a bunk bed to save space.（兩個孩子睡上下鋪以節省空間。）</p></li><li><p>Knowledge point：In cramped subdivided flats, bunk beds are a common space-saving furniture choice. In the video, Vanessa's family of four shares two bunk beds, illustrating the overcrowded condition of family housing.</p></li></ul><p><br/></p><p>breadwinner (n.)</p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="font-size: var(--md-box-samantha-normal-text-font-size); -webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto; color: var(--md-box-samantha-deep-text-color) !important;">English Definition</span>: A person who earns money to support their family.</p></li><li><p>Example：Bill is the sole breadwinner of his family.（比爾是家中唯一掙錢養家的人。）</p></li><li><p>Knowledge point：In the video, Bill, as the only source of income for the family, earns HK$10,000 a month and needs to cover rent, utilities, and all family expenses. This reflects the economic pressure on low-income families in Hong Kong. The phrase "sole breadwinner" emphasizes the singularity and vulnerability of the family's financial source.</p></li></ul><p><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; content: ""; display: block; font-size: var(--md-box-paragraph-spacing); overflow-anchor: auto; font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; text-wrap-mode: wrap; background-color: rgb(255, 255, 255);"/></p><p><strong>public housing (n.)</strong><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; overflow-anchor: auto; content: ""; display: block; font-size: var(--md-box-paragraph-spacing);"/></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; color: var(--md-box-samantha-deep-text-color) !important; font-size: var(--md-box-samantha-normal-text-font-size); line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto;">English Definition</span>: Affordable housing provided by the government for low-income families, with subsidized rents.</p></li><li><p>Example：They are on the waiting list for public housing.（他們在公屋輪候名單上。）</p></li><li><p>Knowledge point：Public housing is a form of social housing provided by the Hong Kong government for low-income families. The rent is low (about HK$2,500 per month) and the area is more spacious than that of subdivided flats. However, the waiting time is as long as 5-6 years, making it an important housing hope for poor families.</p></li></ul><p></p><p><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; content: ""; display: block; font-size: var(--md-box-paragraph-spacing); overflow-anchor: auto; font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; text-wrap-mode: wrap; background-color: rgb(255, 255, 255);"/></p><p><strong>exorbitant (adj.)</strong><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; overflow-anchor: auto; content: ""; display: block; font-size: var(--md-box-paragraph-spacing);"/></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; color: var(--md-box-samantha-deep-text-color) !important; font-size: var(--md-box-samantha-normal-text-font-size); line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto;">English Definition</span>: (Of a price or amount) much too high; excessive.</p></li><li><p>Example：Exorbitant rent burdens low-income families.（高昂的租金給低收入家庭帶來負擔。）</p></li><li><p>Knowledge point：In the video, Milton's 15-square-foot cubicle has a monthly rent of HK$1,300, accounting for more than one-fifth of his salary. This reflects the contradiction between Hong Kong's housing costs and the affordability of low-income groups, rooted in insufficient land supply.</p></li></ul><p></p><p><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; content: ""; display: block; font-size: var(--md-box-paragraph-spacing); overflow-anchor: auto; font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; text-wrap-mode: wrap; background-color: rgb(255, 255, 255);"/></p><p><strong>utilities (n.)</strong></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; color: var(--md-box-samantha-deep-text-color) !important; font-size: var(--md-box-samantha-normal-text-font-size); line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto;">English Definition</span>: Services such as water, electricity, and gas supplied to homes and businesses, or the cost of these services.</p></li><li><p>Example：Rent and utilities take up most of their income.（租金和水電費占據了他們大部分收入。）</p></li><li><p>Knowledge point：In the video, Bill's family spends HK$6,000 a month on rent and utilities, accounting for more than half of his monthly income. This shows that in addition to rent, basic living expenses also bring pressure to low-income families.</p></li></ul><p><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; content: ""; display: block; font-size: var(--md-box-paragraph-spacing); overflow-anchor: auto; font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; text-wrap-mode: wrap; background-color: rgb(255, 255, 255);"/></p><p><strong>waiting list (n.)</strong></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; color: var(--md-box-samantha-deep-text-color) !important; font-size: var(--md-box-samantha-normal-text-font-size); line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto;">English Definition</span>: A list of people waiting for something, especially for a service or a place in a program.</p></li><li><p>Example：The public housing waiting list is very long.（公屋輪候名單很長。）</p></li><li><p>Knowledge point：The video mentions that the average waiting time for public housing is 5-6 years, reflecting the insufficient supply of public housing in Hong Kong. Many families are trapped in harsh living environments for a long time.</p></li></ul><p><br/></p>
<p><strong>brilliant</strong></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; color: var(--md-box-samantha-deep-text-color) !important; font-size: var(--md-box-samantha-normal-text-font-size); line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto;">English Definition</span>: adj. Shining brightly; extremely impressive or talented.</p></li><li><p>Example: Hong Kong is a brilliant city at night.（香港夜晚是一座璀璨的都市。）</p></li><li><p>Knowledge point: Synonyms include "splendid" and "magnificent".</p></li></ul><p><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; content: ""; display: block; font-size: var(--md-box-paragraph-spacing); overflow-anchor: auto; font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; text-wrap-mode: wrap; background-color: rgb(255, 255, 255);"/></p><p><strong>tower</strong></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; color: var(--md-box-samantha-deep-text-color) !important; font-size: var(--md-box-samantha-normal-text-font-size); line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto;">English Definition</span>: v. To rise high above something; n. A tall, narrow building or structure.</p></li><li><p>Example: The skyscraper towers over the neighborhood.（這棟摩天大樓高聳於社區之上。）</p></li><li><p>Knowledge point: As a noun, "tower" can refer to specific structures (e.g., "Eiffel Tower"); as a verb, it often uses the phrase "tower over/above" to emphasize relative height advantage.</p></li></ul><p><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; content: ""; display: block; font-size: var(--md-box-paragraph-spacing); overflow-anchor: auto; font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; text-wrap-mode: wrap; background-color: rgb(255, 255, 255);"/></p><p><strong>skyscraper</strong></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; color: var(--md-box-samantha-deep-text-color) !important; font-size: var(--md-box-samantha-normal-text-font-size); line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto;">English Definition</span>: n. A very tall building, typically with many floors.</p></li><li><p>Example: New York is famous for its skyscrapers.（紐約以其摩天大樓聞名。）</p></li><li><p>Knowledge point: It is similar to "high-rise" but specifically refers to "extremely tall buildings" (usually over 40 floors).</p></li></ul><p><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; content: ""; display: block; font-size: var(--md-box-paragraph-spacing); overflow-anchor: auto; font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; text-wrap-mode: wrap; background-color: rgb(255, 255, 255);"/></p><p><strong>shuttle</strong><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; overflow-anchor: auto; content: ""; display: block; font-size: var(--md-box-paragraph-spacing);"/></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; color: var(--md-box-samantha-deep-text-color) !important; font-size: var(--md-box-samantha-normal-text-font-size); line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto;">English Definition</span>: v. To travel regularly between two places; n. A vehicle that travels regularly between two places.</p></li><li><p>Example: Ferries shuttle between Hong Kong Island and Kowloon.（渡輪穿梭於香港島和九龍之間。）</p></li><li><p>Knowledge point: As a noun, "shuttle bus" refers to a "feeder bus", a common expression in urban transportation.</p></li></ul><p></p><p><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; content: ""; display: block; font-size: var(--md-box-paragraph-spacing); overflow-anchor: auto; font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; text-wrap-mode: wrap; background-color: rgb(255, 255, 255);"/></p><p><strong>heritage</strong></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; color: var(--md-box-samantha-deep-text-color) !important; font-size: var(--md-box-samantha-normal-text-font-size); line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto;">English Definition</span>: n. Valued objects and qualities such as historical buildings, traditions, and customs that have been passed down from previous generations.</p></li><li><p>Example: Hong Kong preserves both Chinese and Western heritage.（香港保留了中西方文化遺產。）</p></li><li><p>Knowledge point: Distinguish "heritage" (emphasizing "transmissibility") from "legacy" (emphasizing "influence left by predecessors").</p></li></ul><p><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; content: ""; display: block; font-size: var(--md-box-paragraph-spacing); overflow-anchor: auto; font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; text-wrap-mode: wrap; background-color: rgb(255, 255, 255);"/></p><p><strong>vibrant</strong></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; color: var(--md-box-samantha-deep-text-color) !important; font-size: var(--md-box-samantha-normal-text-font-size); line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto;">English Definition</span>: adj. Full of energy and life; bright and striking.</p></li><li><p>Example: The market is full of vibrant energy.（這個市場充滿活力。）</p></li><li><p>Knowledge point: Its antonym is "dull", and it is often used in tourism contexts to describe urban atmosphere.</p></li></ul><p><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; content: ""; display: block; font-size: var(--md-box-paragraph-spacing); overflow-anchor: auto; font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; text-wrap-mode: wrap; background-color: rgb(255, 255, 255);"/></p><p><strong>charm</strong></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; color: var(--md-box-samantha-deep-text-color) !important; font-size: var(--md-box-samantha-normal-text-font-size); line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto;">English Definition</span>: n. The quality of being attractive or pleasing; v. To attract or delight someone greatly.</p></li><li><p>Example: The old streets have a special charm.（這些老街有獨特的魅力。）</p></li><li><p>Knowledge point: As a verb, it means "to captivate", e.g., "The city charms millions of visitors."</p></li></ul><p><br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; content: ""; display: block; font-size: var(--md-box-paragraph-spacing); overflow-anchor: auto; font-family: Inter, -apple-system, BlinkMacSystemFont, "Segoe UI", "SF Pro SC", "SF Pro Display", "SF Pro Icons", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei", "Helvetica Neue", Helvetica, Arial, sans-serif; text-wrap-mode: wrap; background-color: rgb(255, 255, 255);"/></p><p><strong>peak</strong></p><ul class=" list-paddingleft-2" style="list-style-type: disc;"><li><p><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 0px; padding: 0px; font-weight: 600; color: var(--md-box-samantha-deep-text-color) !important; font-size: var(--md-box-samantha-normal-text-font-size); line-height: var(--md-box-samantha-normal-text-line-height); overflow-anchor: auto;">English Definition</span>: n. The pointed top of a mountain; the highest point or level of something.<br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; font-size: var(--md-box-paragraph-spacing); overflow-anchor: auto; content: ""; display: block;"/></p></li><li><p>Example: We watched the sunrise from the peak.（我們從山頂觀看日出。）<br class="container-utlnW2 wrapper-d0Cc1k undefined" style="-webkit-font-smoothing: antialiased; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); outline: none; border: 0px solid; margin: 1em; padding: 0px; overflow-anchor: auto; content: ""; display: block; font-size: var(--md-box-paragraph-spacing);"/></p></li><li><p>Knowledge point: "Peak" can also refer to "the highest point of something", e.g., "the peak of tourism" (tourist peak season). The proper noun "Victoria Peak" is a famous scenic spot in Hong Kong.</p></li></ul><p><br/></p>
<p>A passion for puzzles Posted by Ralph Cheung, 12th March 20 </p><p><br/></p><p> [1] I fit the last piece into place. Finally, it's done — the detailed photo of a tiger strolling through a jungle. It's taken me a week to find places for all 1,500 pieces, and now I have the feeling of satisfaction I always get after completing something challenging. </p><p><br/></p><p>[2] When my aunt gave me a 500-piece jigsaw for my last birthday, one word came to mind: boring! It wasn't until a few months later — during a typhoon — that I learnt how wrong I'd been about <strong>the hobby.</strong> I usually spend my free time playing games on my phone or chatting on social media. However, while working on the puzzle, I didn't check my phone once. The stress I was feeling about schoolwork and tests soon melted away, and I felt relaxed and calm. After that, I continued to do jigsaws in my free time. I noticed I could concentrate better and was more alert to details. Needless to say, both are having a positive impact on my schoolwork.</p><p><br/></p><p> [3] Since I've become a <strong>'</strong><strong>puzzler'</strong>, I've learnt more about jigsaws. The world's firstjigsaw puzzle was created in the 1760s by a London mapmaker named John Spilsbury. Back then, jigsaws were made of wood and usually showed an image of a map. This made them ideal tools for Geography lessons. They were extremely popular among wealthy families. By 1890, mostjigsaw puzzles were made of cardboard. They were less expensive, so more people could enjoy them. </p><p><br/></p><p>[4] Nowadays, there are many different types of jigsaw puzzles available. Double-sided ones are a headache! I had a go at a 100-piece double-sided puzzle and it took me over a week to complete it. However, I think the most challenging one is the'no-picture' jigsaw. There's nothing to go by except the shape ofthe pieces. I'd like to try one someday. The coolest ones are 3-Djigsaw puzzles because they're not flat pictures. I have several, including a globe and a castle. There are also jigsaw puzzle apps, which are convenient for when I'm riding a bus or the MTR. </p><p><br/></p><p>[5] With so many types of jigsaw puzzles to choose from, why not try one today?</p>