No hongbao for red packet makers this year Economic downturn, fears of viral transmissions through physical exchanges, climate consciousness driving down volume Hongbao printers like Craftwerkz and Caston feel the pinch as demand for product has dipped, as traditionally large orders from financial clients shrinkEtymology From Mandarin 紅包 (hóngbāo) Doublet of ang pow Pronunciation IPA /ˌhʊŋ ˈbaʊ/, /ˌhɒŋ ˈbaʊ/ Noun hong bao (plural hong bao or hong baos) A red, decorated envelope containing money given during special occasions such as weddings and the Chinese New YearHongbao giving A hongbao (or ang pow in Hokkien) is a gift of money packed into a red packet Red is considered a symbol of luck, life and happiness Hongbaos are given as tokens of good wishes during auspicious occasions such as Chinese New Year and weddings1 There are two legends about gift money in ancient China 80 Pcs Of Chinese Red Hong Bao Envelopes Walmart Com Walmart Com Hongbao dhaka