Red Envelopes, also known as Hongbao in Mandarin, are traditional gifts given during celebrations in Chinese culture. They are typically filled with money and presented in bright red packets, symbolizing good luck and prosperity. The act of giving and receiving red envelopes is especially common during the Lunar New Year and weddings. The amount of money inside a red envelope can vary, but it is often an even number, as odd numbers are associated with funerals. Red envelopes are usually given by elders to younger family members or friends, and the recipient often expresses gratitude by wishing the giver good fortune in return.