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Ripe India In Feng Shui, the Laughing Buddha, also known by Buddhists as Matreiya, is one of the most supreme symbols of joy and wellbeing. When this jolly character is placed within any home, he will do wonders for all the residents inside; in addition to revitalizing any dead or negative chi and relieving tension, he is believed to also summon fortune and riches for all family members. The Laughing Buddha is now also displayed in the office and prominent places in business venues, such as the front counter, lobby or cashier.