A court in eastern China’s Jiangsu province has ruled in favor of two teenagers who had sued their father for pocketing their red envelope, a type of monetary gift given during Lunar New Year or on ...

Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox. Alibaba yesterday morning announced it would give away ...

With Spring Festival approaching, some retirees are facing a financial crunch. Many will have to hand out thousands of yuan in red envelopes to children at family reunions during the holiday, which ...

The tradition of giving cash during Spring Festival has gone digital this year. Chinese give money in red envelopes, referred to as hongbao, on occasions such as Lunar New Year and weddings as a sign ...

Year of the Sheep is sometimes called the year of the goat or ram. The red envelope tradition calls for clean%2C crisp%2C new currency%3B no gift cards are used here. The red color of the envelope ...

Should parents have a say in how children spend money gifted during the Spring Festival? During the last few days, the topic has sparked an intense debate on Zhihu, a Quora-like Q&A platform in China.

Lunar New Year is around the corner, this year falling on January 22. On this day, the year of the tiger closes and we will begin the year of the rabbit — the fourth sign of the Chinese zodiac, ...