According to a new report by TechInAsia.com, Netflix, Inc. NFLX 0.14% and its CEO Reed Hastings still don’t understand the challenges of the Chinese market.

The report centers on the following comments Hastings made about China just this week: “It may be soon that we have a license in China. It may take several years. So we’re going to be patient.”

TechInAsia believes that this quote raises several red flags that Hastings has unrealistic expectations for China. First, it is unrealistic for Netflix to expect its own license from the Chinese government that is notoriously stingy with issuing licenses, particularly to American companies.

Second, Netflix can’t wait…

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