1Verge raises $25,000,000

1Verge Inc., a Beijing-based Internet company formed by former Sohu.com president Victor Koo, has raised $25 million in Series C funding.  “Victor Koo, who resigned as president and COO of Chinese portal Sohu.com in November 2004, has ended months of speculation in the Chinese media regarding his next career move and said Monday he has ended a six-month sabbatical and formed a new venture.  Called 1Verge, the new Beijing-based company will focus on convergent wireless and Internet media. But Mr. Koo has deliberately left open exactly what 1Verge will do.