The Chinese who skip red packets for Western-style gift giving
The holiday season is traditionally associated with the hongbao, a red packet with cash inside that is given to friends and family, but gift giving is taking on a new meaning now, with some people in China opting for physical presents

A Westerner might expect colourful wrapping paper, and a curly ribbon or a bow, but in China, the giving season is all about the red envelope. Or so we thought.
The arrival of Chinese New Year is synonymous with the hongbao – the crimson sleeve that consumers will be filling with cash to give to their friends and family in accordance with tradition.

Yet Shanghai-based entrepreneurs Teresa Wu and Amber Chen are confident that there’s another segment of shoppers who are hoping to get a little more creative when it comes to giving this Chinese New Year.
