China Business News reports that an unidentified company has invested US$10 million in Eachmax to develop it as an e-commerce site. The Guangzhou-based Eachmax operates Net114, an information and online yellow-pages service set up in 2000. According to a source familiar with the situation, the US$10 million investment came from a well-known US Internet company rather than a venture capital firm. Eachmax marketing manager Dai Kun said that the investor wants to turn Eachmax into China's third largest e-commerce site. The company currently has nearly one million registered users. Link: http://dycj.ynet.com/article.jsp?oid=6931933