The 30-second dubbed clip has used a past footage of the Posh and Becks, in which Goldenballs is heard saying that the drug-called 'USA Selikon' capsules- are his 'secret weapon'.
"Want to know how I can keep being strong and running on the football field? USA Selikon capsules help me a lot. It's also the secret weapon with which I can satisfy Victoria," the Daily Star quoted the voice, with Beckham's face on screen as saying.
A source has revealed that Beckham, 33, is angry over the ad targeting his sexuality.
"He doesn't find it funny. David's fair game and can take a bit of a ribbing in the name of comedy," said the source.
The source added: "But to poke fun at his sexual prowess to plug a product is overstepping the mark."
But, according to a sales manager for the drug maker, government authorities in China have approved the ad.
Spokesman for the ex-England captain said that footballer was aware of the video, but declined to comment further.