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Laughing Buddha, Also Known as Happy Buddha or Hotei in Chinese Culture, Is a Popular Symbol of Joy, Happiness, and Abundance. It Is Based on the Historical Figure of Budai, a Chinese Zen Monk Who Lived During the 10th Century in the Liang Dynasty. Over Time, the Image of Budai Has Evolved into a Plump, Bald, and Smiling Figure, Often Depicted Carrying a Cloth Sack or Bag.