Smiley with red cheeks is stretching out its hands toward you. Wants to hug you. It's an open and cordial gesture and an expression of warmth and friendliness.
The hugging face emoji was introduced in 2015 and released as part of the Unicode 11.0 standard. This emoji can be found under the smileys and emotions
category. Because the hugging face emoji has been around for quite some time, it should display correctly in the majority of operating systems.