1. China Telecom to Spend USD2.6 Billion on Shanghai 5G and Fiber Network

2. JD 京东 led a new round of investment in electronic product recycling platform aihuishou 爱回收 with over US$500m

3. Didi 滴滴 invested in software service provider Mai Chong Xing 脉冲星

4. Plastic surgery app So-Young 新氧 posts strong Q1 earnings, rising costs

5. Xiaomi brings smart and affordable consumer technology to Chile with its first physical store

6. India's tech startups witness late-stage funding boom this year, with an increasing number of deals worth $100m or more

7. GOJEK backer Openspace Ventures to launch $500m growth fund by year-end

8. BEAM rolls out Beamstart Education — Bringing skillset-focused 1-1 mentoring programs, starting with web & app development in Malaysia.

9. Yummy, the catering business of Indonesian lifestyle group Ismaya, acquires online catering startup Berrykitchen

10. Groupon co-founder Eric Lefkofsky just raised another $200 million for his newest company, Tempus

11. Foursquare buys Placed from Snap Inc. on the heels of $150M in new funding

12. India's Paytm to acquire local insurance marketplace Coverfox for around US$100m-$120m, sources say

This article is contributed by partners Chinaccelerator & BEAM