The western Little Red Riding Hood and the eastern Auntie Tigress are two similar folktales; both are popular children's stories with great communication effects. However, communication theories are limited in deciphering their popularity and differences. This paper profiles these two long-lived tales from a psychoanalytic and narrative point of view, showing how both are filled with archetypes and profound story patterns, and why they are retold and reused from generation to generation, becoming remarkable cultural assets. The analysis also indicates the tales' differences in culture, narrative and imagination, along with explanations of their difference in application.