Syndicated Reports

In addition to publicly-available work, I have also published several syndicated reports, and have developed a much larger number of reports and papers for clients on a range of China-related topics.

Three major syndicated reports I have authored include:

The WTO Ruling on China’s Regime for Importing Entertainment Products in China: What Does It Mean for You? 
CMM Intelligence, Beijing,
February 2010

The WTO issued a landmark ruling at the end of 2009, calling China to task for essentially rigging its movie import system so as to restrict access to domestic distribution, all in violation of the accords the PRC signed prior to its accession to the WTO in 2002. The ruling was followed by coverage and analysis out of the entertainment press that bordered on the euphoric: suddenly all of Hollywood’s problems would go away in China.

What none of those euphoric observers counted on was China’s profound abilities at throwing up layers of defenses between Hollywood and the domestic market. In this paper, aimed at entertainment industry executives, I go into detail on the limits of the ruling and the range of strategic options Beijing has at its disposal to prevaricate, dissemble, and distract in order to buy its domestic entertainment complex time to ensure that the foreign studios would always remain second-class citizens in Chinese cinemas.


China’s Online Video Sites: Competitive Landscape, Regulation, Monetization, and the Changing Habits of China’s Consumers,
CMM Intelligence, Beijing,

March 2010

In advance of the initial public offerings of China’s major online video sites, including Tudou, Youku, and others, there was a great deal of optimism about these companies and what they were going to be able to accomplish in a land where television tends to be beautiful, earnest, and ultimately, dull.

In this report, go through the sector in some detail, but I focus primarily on the risks implicit in the online business model in China. The report was intended to close a gap between the level of understanding the average fund manager and punter has of the way things work in China on the one hand, and the underplayed risks underlying a business whose biggest competition – state-owned broadcasters – had the power to slam the door at any moment.

What is fascinating about all of this today is that despite changes in players (Tudou and Youku have merged, for example), the latent risks are the same.


China’s Online Video Sites: Competitive Landscape, Regulation, Monetization, and the Changing Habits of China’s Consumers – Second Edition
CMM Intelligence, Beijing,
December 2010

Ten short months after the completion of the first edition of my video sites report, there were enough changes taking place that an update was in order. This second edition is the definitive one, and in my mind describes the latent issues that threaten to either destroy or permanently change the nature of this business.