Homonym: hongbao (RedEnvelope)
Hongbao are traditional red envelopes filled with money, commonly given during the Lunar New Year and other celebrations in Chinese culture. The red color symbolizes good luck and prosperity, making these envelopes a popular gift among family and friends.
Typically, hongbao are given by elders to younger family members or by employers to employees as a gesture of goodwill. The amount of money inside can vary, but it is often an even number, as odd numbers are associated with funerals. This practice is a way to share blessings and wishes for a prosperous year ahead.