"I'm quite broke now, but I still have to save a few hundred bucks for the Chinese New Year (starts next Monday this year) because I need to give red envelopes to my nephews, nieces and my ...

Red envelopes, known as hongbao in Mandarin, are a cherished cultural tradition in China and many other parts of Asia. In China, the vibrant red colour symbolises good fortune and joy. Hongbao can be ...