It took only six days for the film to break the previous record, which was set by the 2013 box office hit "Finding Mr. Right".
Despite the name, the latest film is not a follow-up to the previous work.
Instead, this one revolves around the relationship between a public relations staffer at a casino in Macau and a realtor based out of Los Angeles.
Original cast members Wu Xiubo and Tang Wei still play the lead roles.
The new film has dominated the domestic box office, forcing Disney's live-action animation "The Jungle Book" down into second place.
Campus romance "Yesterday Once More" grossed more than 65 million yuan to land in third place.
Source: CRI