What is a red envelope?
It is referred to by many names - in Mandarin it's called "hongbao" and in Cantonese it is "lai see" - but what it is essentially is an envelope filled with cash. It is generally given out to children or younger unmarried relatives during Chinese New Year by those who are already married as tokens of good fortune and blessing for the year ahead. Typically, only married folks give out red envelopes, though unmarried people can also do so if they are feeling particularly generous. The amount of money in a red envelope can vary from as little as $2 to hundreds of dollars.
Source:
BBC NEWS
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