{
  "kind": "all",
  "value": "all",
  "collectionKey": "slides:all:all:all-document-kinds:all-producers:all-orientations",
  "filters": {
    "documentKinds": [],
    "sourceTypes": [],
    "orientations": []
  },
  "total": 319975,
  "page": 1970,
  "pageSize": 60,
  "pageCount": 5333,
  "rows": [
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 52,
      "slideType": "other",
      "function": "other",
      "notes": "This is a scanned legal document (Application for Change of Company Registration).",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/52",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-52",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 53,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses corporate registry data to challenge the independence of Anta distributors.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/53",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-53",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 54,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses public housing provident fund records to prove employment history, contradicting the prospectus disclosures.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/54",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-54",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 55,
      "slideType": "nominee_bio",
      "function": "introduce_nominees",
      "notes": "The slide uses a timeline-based career path diagram and a personal profile card to illustrate the company's internal promotion structure.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/55",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-55",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 56,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses corporate registry data to challenge the independence of a subsidiary.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/56",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-56",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 57,
      "slideType": "other",
      "function": "other",
      "notes": "Includes a screenshot of a university news article regarding a partnership with Nanjing Xinyuedong.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/57",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-57",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 58,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a Q&A format to challenge the interviewee's claim that a distributor is a subsidiary, providing corporate data as evidence.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/58",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-58",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 59,
      "slideType": "appendix_data",
      "function": "analyze_data",
      "notes": "The slide documents corporate links between entities, specifically identifying Ding Xiaozheng as a common representative.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/59",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-59",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 60,
      "slideType": "other",
      "function": "expose_contradiction",
      "notes": "Includes a screenshot of a Chinese business registry change record and a list of entities linked to the Peng brothers.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/60",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-60",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 61,
      "slideType": "appendix_data",
      "function": "establish_context",
      "notes": "Includes a footnote regarding Hong Yanqing's historical interest and association with Anta.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/61",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-61",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 62,
      "slideType": "appendix_data",
      "function": "analyze_data",
      "notes": "Includes English annotations for Chinese legal documents.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/62",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-62",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 63,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses corporate registry data and interview transcripts to establish a familial and business connection between ANTA-related parties.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/63",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-63",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 64,
      "slideType": "appendix_data",
      "function": "analyze_data",
      "notes": "Includes business registration data and shareholder list with English translations provided in red text.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/64",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-64",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 65,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a news clipping to establish a link between Anta Capital's Peng Qingqi and the GM of Henan Ruili Sports Products Co., which is later identified as part of a secret network.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/65",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-65",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 66,
      "slideType": "appendix_data",
      "function": "analyze_data",
      "notes": "This slide serves as an appendix providing evidence for distributor relationships.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/66",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-66",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 67,
      "slideType": "precedent_table",
      "function": "expose_contradiction",
      "notes": "The table serves as evidence of potential corporate malfeasance or undisclosed related-party transactions.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/67",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-67",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 68,
      "slideType": "appendix_data",
      "function": "analyze_data",
      "notes": "The table maps specific individuals (columns) to distributors (rows) where they hold legal, shareholder, or management roles.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/68",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-68",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 69,
      "slideType": "appendix_data",
      "function": "appendix",
      "notes": "The table lists distributors in the first two columns and individuals in the header row, with 'Y' indicating an association.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/69",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-69",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 70,
      "slideType": "appendix",
      "function": "appendix",
      "notes": "Includes specific references to prospectus pages 16, 20, 61, 112, 114, 118.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/70",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-70",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 71,
      "slideType": "other",
      "function": "expose_contradiction",
      "notes": "The slide uses a mix of Chinese and English to list branch details and provides narrative evidence of personal connections between branch heads and Anta distributors.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/71",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-71",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 72,
      "slideType": "appendix",
      "function": "appendix",
      "notes": "The table presents a Q&A format in both Chinese and English.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/72",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-72",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 73,
      "slideType": "preempt_rebuttal",
      "function": "preempt_rebuttal",
      "notes": "The table documents a Q&A session between an investigator and Mr. A, clarifying that subsidiaries have different names by province.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/73",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-73",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 74,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide presents a Q&A dialogue highlighting potential hidden control structures in the company's distribution network.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/74",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-74",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 75,
      "slideType": "preempt_rebuttal",
      "function": "preempt_rebuttal",
      "notes": "Transcript format used to validate corporate entity relationships.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/75",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-75",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 76,
      "slideType": "preempt_rebuttal",
      "function": "preempt_rebuttal",
      "notes": "Transcript format used to clarify corporate structure and franchisee relationships.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/76",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-76",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 77,
      "slideType": "preempt_rebuttal",
      "function": "preempt_rebuttal",
      "notes": "The slide presents qualitative evidence in a table format to support the thesis that ANTA exerts significant control over its business entities.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/77",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-77",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 78,
      "slideType": "appendix_data",
      "function": "summarize",
      "notes": "The slide is a direct transcript table in both Chinese and English.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/78",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-78",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 79,
      "slideType": "appendix_data",
      "function": "analyze_data",
      "notes": "The table presents a Q&A format in both Chinese and English, detailing operational management splits and specific entity classifications.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/79",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-79",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 80,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a Q&A format to establish control over distributors and key personnel.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/80",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-80",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 81,
      "slideType": "preempt_rebuttal",
      "function": "preempt_rebuttal",
      "notes": "The slide presents a dialogue between an interviewer (Q) and an expert (Mr. C) discussing potential nominee/proxy shareholding structures.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/81",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-81",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 82,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a Q&A format to expose the 'left hand-right hand' relationship between listed companies and their subsidiaries.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/82",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-82",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 83,
      "slideType": "quote_slide",
      "function": "expose_contradiction",
      "notes": "The slide highlights a governance structure where distributors are effectively subsidiaries, contrasting with standard industry practices.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/83",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-83",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 84,
      "slideType": "quote_slide",
      "function": "illustrate_case",
      "notes": "The slide presents a bilingual (Chinese/English) transcript comparing the business models of established international brands versus the family-based, clan-driven distribution networks of early ANTA.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/84",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-84",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 85,
      "slideType": "other",
      "function": "other",
      "notes": "The slide is a simple two-row table containing a dialogue between 'Mr. D' and 'Q'.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/85",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-85",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 86,
      "slideType": "quote_slide",
      "function": "summarize",
      "notes": "Bilingual text (Chinese and English) presented in a table format.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/86",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-86",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 87,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a Q&A transcript to expose a potential governance contradiction regarding ANTA's control over its distributors.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/87",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-87",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 88,
      "slideType": "preempt_rebuttal",
      "function": "preempt_rebuttal",
      "notes": "The slide is a direct transcript of an interview or investigative dialogue.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/88",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-88",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 89,
      "slideType": "preempt_rebuttal",
      "function": "expose_contradiction",
      "notes": "The slide presents a dialogue between an interviewer and two subjects (Mr. A and Mr. B) to clarify the relationship between Yundong and ANTA's retail operations.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/89",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-89",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 90,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide presents a dialogue between an interviewer (Q) and Mr. B, focusing on corporate structure and HR/finance responsibilities.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/90",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-90",
      "loopMatches": [],
      "arcBeatMatches": [
        {
          "to": 90,
          "from": 4,
          "beatId": "35040399-ced0-49f3-be43-86667596fb86",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "Repeated instances of exposing contradictions in ANTA's statements and practices",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 91,
      "slideType": "preempt_rebuttal",
      "function": "expose_contradiction",
      "notes": "The slide presents a dialogue between an interviewer (Q) and a source (Mr. C) to establish the existence and function of a private management entity.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/91",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-91",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d2366ed75e04",
      "docSlug": "4e8802588ba6",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-08 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 92,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a bilingual table format to present a forensic Q&A.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d2366ed75e04/92",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d2366ed75e04#slide-92",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 1,
      "slideType": "disclaimer",
      "function": "other",
      "notes": "Standard legal disclaimer for an investment research firm.",
      "imagePath": "https://imgproxy.kitesheet.com/f0RsCe1YGnQdbpdPu2uAgLkhmiV7GxAMpOGSsWYNepk/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9mMjUxODI5MzE4YjgvcDAwMS5qcGc",
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/1",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-1",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": "https://imgproxy.kitesheet.com/K44dTB9ULZI1rml5u6OeAvht7PGaJawcrCu_xInC_cs/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9mMjUxODI5MzE4YjgvcDAwMS5wbmc",
      "thumbSrc": "https://imgproxy.kitesheet.com/XgrpKT7550cmZXfzS5kBYu0LN--Tke-fE-a0VKuvl_g/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9mMjUxODI5MzE4YjgvcDAwMS5qcGc",
      "thumbSrcAlt": "https://imgproxy.kitesheet.com/Q5_P8t7BBNQGudVFXRKU88WIpO3kry2nHVDnnj5miY0/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9mMjUxODI5MzE4YjgvcDAwMS5wbmc"
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 2,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "This is a research note exposing potential fraud/misrepresentation by ANTA regarding its Fila retail operations.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/2",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-2",
      "loopMatches": [
        {
          "to": 17,
          "from": 2,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "87159f26-8aad-4bf5-9344-951cfbebabe7",
          "evidence": "The document builds up to a reveal of evidence",
          "position": 0,
          "objective": "Reveal the actual ownership structure",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 2,
          "from": 2,
          "beatId": "9300e0c9-7ea1-43b7-9241-7391d491dfb3",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Problem",
          "beatSlug": "problem-agitate-solution-problem-identify-pain",
          "evidence": "ANTA's claims are exposed as potentially false",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": "Complication",
          "parentBeatSlug": "complication"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 3,
      "slideType": "appendix_data",
      "function": "analyze_data",
      "notes": "The slide uses field investigation photos to corroborate SAIC registration data.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/3",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-3",
      "loopMatches": [
        {
          "to": 17,
          "from": 2,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "87159f26-8aad-4bf5-9344-951cfbebabe7",
          "evidence": "The document builds up to a reveal of evidence",
          "position": 0,
          "objective": "Reveal the actual ownership structure",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        },
        {
          "to": 8,
          "from": 3,
          "name": "Iceberg",
          "slug": "10-iceberg",
          "bestFor": "Consulting, complex problem solving, organizational change",
          "matchId": "62f62c92-2270-41b0-a615-2e7638db8071",
          "evidence": "Initial evidence of contradictions",
          "position": 1,
          "objective": "Show the tip of the iceberg of contradictions",
          "structure": "The Symptom (Visible) -> The System (Hidden) -> The Root Cause",
          "confidence": 0.6,
          "description": "Reveal that the visible problem is merely a symptom of a deeper root cause"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 8,
          "from": 3,
          "beatId": "43d20f04-9562-428c-b027-5ced1c1815e3",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Agitate",
          "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
          "evidence": "Evidence of contradictions and inconsistencies",
          "position": 1,
          "confidence": 0.8,
          "parentBeatName": "Development",
          "parentBeatSlug": "development"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 4,
      "slideType": "appendix",
      "function": "appendix",
      "notes": "The slide serves as verification documentation for specific retail entities.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/4",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-4",
      "loopMatches": [
        {
          "to": 17,
          "from": 2,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "87159f26-8aad-4bf5-9344-951cfbebabe7",
          "evidence": "The document builds up to a reveal of evidence",
          "position": 0,
          "objective": "Reveal the actual ownership structure",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        },
        {
          "to": 8,
          "from": 3,
          "name": "Iceberg",
          "slug": "10-iceberg",
          "bestFor": "Consulting, complex problem solving, organizational change",
          "matchId": "62f62c92-2270-41b0-a615-2e7638db8071",
          "evidence": "Initial evidence of contradictions",
          "position": 1,
          "objective": "Show the tip of the iceberg of contradictions",
          "structure": "The Symptom (Visible) -> The System (Hidden) -> The Root Cause",
          "confidence": 0.6,
          "description": "Reveal that the visible problem is merely a symptom of a deeper root cause"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 8,
          "from": 3,
          "beatId": "43d20f04-9562-428c-b027-5ced1c1815e3",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Agitate",
          "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
          "evidence": "Evidence of contradictions and inconsistencies",
          "position": 1,
          "confidence": 0.8,
          "parentBeatName": "Development",
          "parentBeatSlug": "development"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 5,
      "slideType": "appendix_disclosure",
      "function": "other",
      "notes": "Contains photos of business licenses and FILA store interiors for Wangfujing and Heshenghui locations.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/5",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-5",
      "loopMatches": [
        {
          "to": 17,
          "from": 2,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "87159f26-8aad-4bf5-9344-951cfbebabe7",
          "evidence": "The document builds up to a reveal of evidence",
          "position": 0,
          "objective": "Reveal the actual ownership structure",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        },
        {
          "to": 8,
          "from": 3,
          "name": "Iceberg",
          "slug": "10-iceberg",
          "bestFor": "Consulting, complex problem solving, organizational change",
          "matchId": "62f62c92-2270-41b0-a615-2e7638db8071",
          "evidence": "Initial evidence of contradictions",
          "position": 1,
          "objective": "Show the tip of the iceberg of contradictions",
          "structure": "The Symptom (Visible) -> The System (Hidden) -> The Root Cause",
          "confidence": 0.6,
          "description": "Reveal that the visible problem is merely a symptom of a deeper root cause"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 8,
          "from": 3,
          "beatId": "43d20f04-9562-428c-b027-5ced1c1815e3",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Agitate",
          "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
          "evidence": "Evidence of contradictions and inconsistencies",
          "position": 1,
          "confidence": 0.8,
          "parentBeatName": "Development",
          "parentBeatSlug": "development"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 6,
      "slideType": "ceo_quote",
      "function": "expose_contradiction",
      "notes": "The slide uses a direct quote from the CFO to frame the company's business model as a deliberate deception, supported by customer service recordings and investigative findings.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/6",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-6",
      "loopMatches": [
        {
          "to": 17,
          "from": 2,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "87159f26-8aad-4bf5-9344-951cfbebabe7",
          "evidence": "The document builds up to a reveal of evidence",
          "position": 0,
          "objective": "Reveal the actual ownership structure",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        },
        {
          "to": 8,
          "from": 3,
          "name": "Iceberg",
          "slug": "10-iceberg",
          "bestFor": "Consulting, complex problem solving, organizational change",
          "matchId": "62f62c92-2270-41b0-a615-2e7638db8071",
          "evidence": "Initial evidence of contradictions",
          "position": 1,
          "objective": "Show the tip of the iceberg of contradictions",
          "structure": "The Symptom (Visible) -> The System (Hidden) -> The Root Cause",
          "confidence": 0.6,
          "description": "Reveal that the visible problem is merely a symptom of a deeper root cause"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 8,
          "from": 3,
          "beatId": "43d20f04-9562-428c-b027-5ced1c1815e3",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Agitate",
          "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
          "evidence": "Evidence of contradictions and inconsistencies",
          "position": 1,
          "confidence": 0.8,
          "parentBeatName": "Development",
          "parentBeatSlug": "development"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 7,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses a screenshot of a Chinese corporate registry (Qichacha or similar) to expose a contradiction in ANTA's public disclosures.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/7",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-7",
      "loopMatches": [
        {
          "to": 17,
          "from": 2,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "87159f26-8aad-4bf5-9344-951cfbebabe7",
          "evidence": "The document builds up to a reveal of evidence",
          "position": 0,
          "objective": "Reveal the actual ownership structure",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        },
        {
          "to": 8,
          "from": 3,
          "name": "Iceberg",
          "slug": "10-iceberg",
          "bestFor": "Consulting, complex problem solving, organizational change",
          "matchId": "62f62c92-2270-41b0-a615-2e7638db8071",
          "evidence": "Initial evidence of contradictions",
          "position": 1,
          "objective": "Show the tip of the iceberg of contradictions",
          "structure": "The Symptom (Visible) -> The System (Hidden) -> The Root Cause",
          "confidence": 0.6,
          "description": "Reveal that the visible problem is merely a symptom of a deeper root cause"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 8,
          "from": 3,
          "beatId": "43d20f04-9562-428c-b027-5ced1c1815e3",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Agitate",
          "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
          "evidence": "Evidence of contradictions and inconsistencies",
          "position": 1,
          "confidence": 0.8,
          "parentBeatName": "Development",
          "parentBeatSlug": "development"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 8,
      "slideType": "appendix_data",
      "function": "appendix",
      "notes": "Includes English annotations for key fields like Legal Rep, GM, and Supervisor.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/8",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-8",
      "loopMatches": [
        {
          "to": 17,
          "from": 2,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "87159f26-8aad-4bf5-9344-951cfbebabe7",
          "evidence": "The document builds up to a reveal of evidence",
          "position": 0,
          "objective": "Reveal the actual ownership structure",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        },
        {
          "to": 8,
          "from": 3,
          "name": "Iceberg",
          "slug": "10-iceberg",
          "bestFor": "Consulting, complex problem solving, organizational change",
          "matchId": "62f62c92-2270-41b0-a615-2e7638db8071",
          "evidence": "Initial evidence of contradictions",
          "position": 1,
          "objective": "Show the tip of the iceberg of contradictions",
          "structure": "The Symptom (Visible) -> The System (Hidden) -> The Root Cause",
          "confidence": 0.6,
          "description": "Reveal that the visible problem is merely a symptom of a deeper root cause"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 8,
          "from": 3,
          "beatId": "43d20f04-9562-428c-b027-5ced1c1815e3",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Agitate",
          "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
          "evidence": "Evidence of contradictions and inconsistencies",
          "position": 1,
          "confidence": 0.8,
          "parentBeatName": "Development",
          "parentBeatSlug": "development"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 9,
      "slideType": "appendix_data",
      "function": "analyze_data",
      "notes": "The slide shows a table of branch entities and a photo of a business license (营业执照) for the Agean Shopping Mall location.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/9",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-9",
      "loopMatches": [
        {
          "to": 17,
          "from": 2,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "87159f26-8aad-4bf5-9344-951cfbebabe7",
          "evidence": "The document builds up to a reveal of evidence",
          "position": 0,
          "objective": "Reveal the actual ownership structure",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 17,
          "from": 9,
          "beatId": "0adda981-e98f-4b1d-bb10-24d8a4527dea",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "Detailed data and disclosures revealing the truth",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 10,
      "slideType": "other",
      "function": "other",
      "notes": "Page 10 of 17",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/10",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-10",
      "loopMatches": [
        {
          "to": 17,
          "from": 2,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "87159f26-8aad-4bf5-9344-951cfbebabe7",
          "evidence": "The document builds up to a reveal of evidence",
          "position": 0,
          "objective": "Reveal the actual ownership structure",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 17,
          "from": 9,
          "beatId": "0adda981-e98f-4b1d-bb10-24d8a4527dea",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "Detailed data and disclosures revealing the truth",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 11,
      "slideType": "other",
      "function": "other",
      "notes": "The slide contains a photo of a Chinese business license and a photo of a Fila retail store interior.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/11",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-11",
      "loopMatches": [
        {
          "to": 17,
          "from": 2,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "87159f26-8aad-4bf5-9344-951cfbebabe7",
          "evidence": "The document builds up to a reveal of evidence",
          "position": 0,
          "objective": "Reveal the actual ownership structure",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 17,
          "from": 9,
          "beatId": "0adda981-e98f-4b1d-bb10-24d8a4527dea",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "Detailed data and disclosures revealing the truth",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 12,
      "slideType": "appendix_data",
      "function": "appendix",
      "notes": "Contains screenshots of Chinese corporate registry data (SAIC) with English annotations added.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/12",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-12",
      "loopMatches": [
        {
          "to": 17,
          "from": 2,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "87159f26-8aad-4bf5-9344-951cfbebabe7",
          "evidence": "The document builds up to a reveal of evidence",
          "position": 0,
          "objective": "Reveal the actual ownership structure",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 17,
          "from": 9,
          "beatId": "0adda981-e98f-4b1d-bb10-24d8a4527dea",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "Detailed data and disclosures revealing the truth",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 13,
      "slideType": "appendix_data",
      "function": "other",
      "notes": "The slide displays three paginated tables listing branch names and managers.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/13",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-13",
      "loopMatches": [
        {
          "to": 17,
          "from": 2,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "87159f26-8aad-4bf5-9344-951cfbebabe7",
          "evidence": "The document builds up to a reveal of evidence",
          "position": 0,
          "objective": "Reveal the actual ownership structure",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 17,
          "from": 9,
          "beatId": "0adda981-e98f-4b1d-bb10-24d8a4527dea",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "Detailed data and disclosures revealing the truth",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 14,
      "slideType": "other",
      "function": "illustrate_case",
      "notes": "The slide displays two sets of business licenses paired with photos of Fila retail storefronts, likely to verify the existence and operational status of the entity.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/14",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-14",
      "loopMatches": [
        {
          "to": 17,
          "from": 2,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "87159f26-8aad-4bf5-9344-951cfbebabe7",
          "evidence": "The document builds up to a reveal of evidence",
          "position": 0,
          "objective": "Reveal the actual ownership structure",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 17,
          "from": 9,
          "beatId": "0adda981-e98f-4b1d-bb10-24d8a4527dea",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "Detailed data and disclosures revealing the truth",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 15,
      "slideType": "appendix",
      "function": "appendix",
      "notes": "Contains images of Chinese business licenses (Yingye Zhizhao) and corresponding retail storefronts.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/15",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-15",
      "loopMatches": [
        {
          "to": 17,
          "from": 2,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "87159f26-8aad-4bf5-9344-951cfbebabe7",
          "evidence": "The document builds up to a reveal of evidence",
          "position": 0,
          "objective": "Reveal the actual ownership structure",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 17,
          "from": 9,
          "beatId": "0adda981-e98f-4b1d-bb10-24d8a4527dea",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "Detailed data and disclosures revealing the truth",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 16,
      "slideType": "other",
      "function": "other",
      "notes": "The slide serves as physical proof of business existence for two specific retail locations.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/16",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-16",
      "loopMatches": [
        {
          "to": 17,
          "from": 2,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "87159f26-8aad-4bf5-9344-951cfbebabe7",
          "evidence": "The document builds up to a reveal of evidence",
          "position": 0,
          "objective": "Reveal the actual ownership structure",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 17,
          "from": 9,
          "beatId": "0adda981-e98f-4b1d-bb10-24d8a4527dea",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "Detailed data and disclosures revealing the truth",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-d697881296a6",
      "docSlug": "f251829318b8",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-10 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 17,
      "slideType": "appendix_disclosure",
      "function": "other",
      "notes": "Contains images of business licenses and store facades for Jiyuan Ding Dong locations in Guorui and Chaoyangtianjie.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-d697881296a6/17",
      "deckHref": "/decks/019dd923-622c-750b-8b96-d697881296a6",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-d697881296a6#slide-17",
      "loopMatches": [
        {
          "to": 17,
          "from": 2,
          "name": "The Reveal",
          "slug": "05-the-reveal",
          "bestFor": "Product launches, strategic pivots, unexpected findings",
          "matchId": "87159f26-8aad-4bf5-9344-951cfbebabe7",
          "evidence": "The document builds up to a reveal of evidence",
          "position": 0,
          "objective": "Reveal the actual ownership structure",
          "structure": "Setup the Question -> Build Suspense -> The Big Reveal",
          "confidence": 0.7,
          "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 17,
          "from": 9,
          "beatId": "0adda981-e98f-4b1d-bb10-24d8a4527dea",
          "arcName": "Problem-Agitate-Solution",
          "arcSlug": "problem-agitate-solution",
          "beatName": "Solution",
          "beatSlug": "problem-agitate-solution-solution-provide-relief",
          "evidence": "Detailed data and disclosures revealing the truth",
          "position": 2,
          "confidence": 0.8,
          "parentBeatName": "Resolution",
          "parentBeatSlug": "resolution"
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    },
    {
      "docId": "019dd923-622c-750b-8b96-db4f3102b08e",
      "docSlug": "24a337302d8e",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-22 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 1,
      "slideType": "disclaimer",
      "function": "front_matter",
      "notes": "This is a standard legal disclaimer page for an investment research firm.",
      "imagePath": "https://imgproxy.kitesheet.com/DMKauacQDeBdJHmShi1EEYL953yFiPwwT-B2w2fcXPI/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8yNGEzMzczMDJkOGUvcDAwMS5wbmc",
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-db4f3102b08e/1",
      "deckHref": "/decks/019dd923-622c-750b-8b96-db4f3102b08e",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-db4f3102b08e#slide-1",
      "loopMatches": [],
      "arcBeatMatches": [],
      "imagePathAlt": "https://imgproxy.kitesheet.com/BhIQCVUPa1H_PMha8iyGIYEiZWEplbB67BMsRU89z50/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8yNGEzMzczMDJkOGUvcDAwMS5qcGc",
      "thumbSrc": "https://imgproxy.kitesheet.com/VfiLd_B-qqET_Xl2-_TfJDoYcmNTdWugvxq8axPjB_c/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8yNGEzMzczMDJkOGUvcDAwMS5wbmc",
      "thumbSrcAlt": "https://imgproxy.kitesheet.com/k_tO0CP2vLfdQVYfuq6fCER3iq0fFVKKBZSEPXt94UU/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8yNGEzMzczMDJkOGUvcDAwMS5qcGc"
    },
    {
      "docId": "019dd923-622c-750b-8b96-db4f3102b08e",
      "docSlug": "24a337302d8e",
      "documentTitle": "ANTA Sports Products Limited (2020.HK)",
      "authorId": "51_Muddy_Waters",
      "authorName": "Carson C. Block",
      "documentKindSlug": "research-note",
      "documentKindLabel": "Research note",
      "sourceTypeSlug": "short_seller",
      "sourceTypeLabel": "Short seller",
      "presentationDate": "2019-07-22 00:00:00",
      "orientation": "portrait",
      "aspectRatio": 0.77272725,
      "pageNumber": 2,
      "slideType": "expose_contradiction",
      "function": "expose_contradiction",
      "notes": "The slide uses investigative research to link a supplier (Henan Ruili) to an ANTA employee (Peng Qingqi) to suggest financial manipulation.",
      "imagePath": null,
      "matchCount": 1,
      "evidence": null,
      "slideHref": "/slides/019dd923-622c-750b-8b96-db4f3102b08e/2",
      "deckHref": "/decks/019dd923-622c-750b-8b96-db4f3102b08e",
      "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-db4f3102b08e#slide-2",
      "loopMatches": [
        {
          "to": 10,
          "from": 2,
          "name": "Pattern Hunter",
          "slug": "02-pattern-hunter",
          "bestFor": "Time-pressed audiences, building consensus, when data is strong",
          "matchId": "fbcdb0b1-e677-489b-8b70-4faa7d48cc91",
          "evidence": "The document presents a series of examples highlighting inconsistencies in ANTA's operations",
          "position": 0,
          "objective": "Identify patterns of inconsistency in ANTA's operations",
          "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion",
          "confidence": 0.8,
          "description": "Group multiple pieces of evidence that together point to a pattern or conclusion"
        }
      ],
      "arcBeatMatches": [
        {
          "to": 10,
          "from": 2,
          "beatId": "a092e390-3b31-4525-b196-826d2d746d71",
          "arcName": "Overcoming the Monster",
          "arcSlug": "overcoming-monster",
          "beatName": "Expose Contradiction",
          "beatSlug": null,
          "evidence": "The document presents a series of contradictions and inconsistencies in ANTA's operations and disclosures",
          "position": 0,
          "confidence": 0.8,
          "parentBeatName": null,
          "parentBeatSlug": null
        }
      ],
      "imagePathAlt": null,
      "thumbSrc": null,
      "thumbSrcAlt": null,
      "locked": true
    }
  ]
}