The previous record of £90,000 was paid out by a family in Florida for Lancelot Encore - a cloned version of Lancelot, a much-loved but deceased Labrador.
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The canine's newfound celebrity status was confirmed when a motorcade of 30 luxury cars turned up at Xi'an airport to collect it. Mrs Wang's wealthy friends sent their Mercedes limousines to the airport, and also organised a welcoming committee of local dog-lovers, complete with banners.
Dog-ownership is becoming increasingly popular in China, and is already causing problems in some of the country's over-crowded cities. A ban on pets in many public areas is being considered in Shanghai, while the city of Guangzhou has introduced a limit of one dog per family.