红海 Traditional form: 紅海 Pinyin (reading): hónghǎi Definitions: (neologism) highly competitive market (contrasted with 藍海/蓝海 (lánhǎi)) Characters: 红 - red, vermillion; to blush, to flush; popular 海 - sea, ocean; maritime Traditional characters: 紅 - red, vermillion; to blush, to flush; popular 海 - sea, ocean; maritime