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Laughing Buddha sitting on Luck Coins and Carrying Ingot. Budai or Pu-Tai is a Chinese folkloric deity. His name means "Cloth Sack" and comes from the bag that he is conventionally depicted as carrying. He is usually identified with or seen as an incarnation of Maitreya, the future Buddha. He is almost always shown smiling or laughing, hence his nickname in Chinese, the Laughing Buddha.The Buddha Figurine is given a darker golden finish. The glossy look makes it look even more vibrant and attracts attention easily. The height of the Buddha statue is 5 inches unlike other small figurines. His name comes from the bag that he is conventionally depicted as carrying. He is usually seen as an incarnation of maitreya, the future buddha. He is almost always shown smiling or laughing, hence his nickname the laughing buddha. The laughing buddha is regarded as one of the gods of wealth in fengshui. Just to be displayed and its presences is purely symbolic and auspicious. This Laughing buddha figurine can be placed in different directions, can be used as home decor or gifting.