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China 'Cyber Monday' sales smash record

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Chinese bargain-hunters spent a record amount with Internet retailers Monday, smashing last year's tally for the country's busiest online shopping day by early afternoon.

Sales on Tmall.com, China's version of Amazon, rose to $164 million in the first few minutes and by early afternoon surpassed last year's figure of $3.1 billion, according to CNNMoney.

The Chinese retail holiday falls on Nov. 11 and was created in response to Valentine's Day, the report said.

Read more from CNNMoney.

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