Hongbao (Chinese: 红包), literally "red envelopes," are the monetary gifts that are traditionally given during holidays, wedding, or other special occasions. In addition, the term hongbao is used to describe a form of bribery in business in which monetary gift is given to the bribe-taker as a quid pro quo for services rendered. The purpose of the hongbao is usually to encourage the other party to cooperate in the illegal scheme.