Alibaba’s online consumer auction firm, Taobao, saw its transaction volume more than double last year, amid rapid growth in China’s e-commerce market. Taobao’s customer base also soared, reaching 53 million in 2007, up nearly 77 percent compared with the previous year, the company said in a statement late on Monday.

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Posted: 01|22|08 at 10:53 am. Filed under: Asia.