GoodMedia raises $5,000,000

GoodMedia, a Beijing based media firm announced today that it has received $5 million in venture funding.  GoodMedia deploys advertisements for fashion and luxury goods makers on locations such as gyms, coffee shops and nightclubs. As of January 2008, the company has formed partnerships with over 1,000 higher end gyms across 30 cities in China. In addition to video and printed ads, the company also promotes products through events and the mobile network