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Hongbao (红包), literally "red envelopes," are traditional gifts of money that are given during Chinese New Year and other special occasions – either digitally (preferred over WeChat) or in physical cash form According to Chinese folklore, hongbao, which are colored a lucky red, are supposed to protect children from a monster named Sui, which places its hands on the foreheadsChinese New Year article is out!!!Find the perfect Hongbao stock photos and editorial news pictures from Getty Images Select from premium Hongbao of the highest quality Wechat S Little Red Envelopes Are Brilliant Marketing For Mobile Payments Quartz Hongbao dhaka