Following a secondary share sale, Mr Yu now has a stake of 25 per cent, as well as maintaining voting control through the holdings of other company employees and associates.

经过配售后，俞敏洪现持有新东方25%的股权，同时通过其他员工和同事持有的股份保留着投票控制权。

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A number of other large Chinese companies, including Shanghai Pudong Development Bank, which is partly owned by Citigroup, are also planning large secondary share offerings.

许多其它大型中国企业也在计划进行大规模增发，其中包括花旗集团(Citigroup)部分持股的上海浦东发展银行(Shanghai Pudong Development Bank)。

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Tap to share will be a big deal in the coming years.The devices will be secondary in value.

在未来几年里，资源共享将是最重要的，设备的价值反而是次要的。

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Many already-public firms are also taking advantage of investors' growing appetite for new equity through secondary share issues not least to help pay for the growing number of mergers and acquisitions.

ECONOMIST: Corporate finance

Look at ChinaCache International Holdings, which jumped 95% in its October 1 opening on Nasdaq, but which has fallen more than 10% in the last week after the company filed for a secondary share offering, giving insiders an opportunity to cash out.

FORBES: China IPOs: The Short-Selling Hype Is On

Some countries have seen an increase of 20 percentage points in the share of children finishing secondary school.

ECONOMIST: An unequal continent is becoming less so