OVERALL: Draw

The US Director's Cut offers three versions of the film, including the Director's Cut, and some extras.
The Hong Kong Director's Cut has a DTS-ES soundtrack and some extras, which are slightly different from those found on the US release.
The Hong Kong standard edition is the only confirmed release to offer the original Hong Kong theatrical cut of the film, with a full bitrate DTS-ES soundtrack and extras.
The German release has the western cut of the film with some exclusive extras.
The Thai release is the only known release to offer the Thai theatrical cut, but it has only dubbed Thai soundtracks.

GENERAL NOTES:
The following versions of the film are known to exist:
- The "Hong-Kong Theatrical Cut", shown in theatres in Hong-Kong (~105min NTSC).
- The "Thai Theatrical Cut", shown in theatres in Thailand (~111min NTSC).
- The "US Theatrical Cut", shown in theatres in the US only (~103min NTSC).
- The "Western Cut", shown in theatres in UK/Australia (~104min NTSC). This version is labeled as "Unrated" in the USA.
- The "Hong-Kong Director's Cut" (~140min NTSC).

INFORMATION ON THE DIFFERENT VERSIONS:
*"Thai Theatrical Cut" adds a Thai fighter scene between Huo Yuanjia and a Thai boxer called Bei Cha.
*"Hong-Kong Director's Cut" vs. "Western Cut":
Director Ronny Yu reduced the length of 'Fearless' from 143 minutes to 103 minutes to speed up the pacing of the movie.
The subplot with Michelle Yeoh has been cut. In the original cut the story of Huo Yuanjia is told by Miss Yang an Olympic official. In the early part of the movie Huo Yuanjia is in exile in a Thai village and to save a boy from being punished for stealing an ox, he is forced into a match with a local boxer, played by Somluck Kamsing. Ronny Yu made the cut after audiences from an internal screening criticized the film for being too slow and the Olympic sub-story being too irrelevant to the main plot.
*"Honk-Kong Director's Cut" vs. "Hong-Kong Theatrical Cut".
*"Hong-Kong Theatrical Cut" vs. "Western Cut"
*"Hong-Kong Theatrical Cut" vs. "Thai Theatrical Cut"
A screen capture comparison showing the shot cut from the US theatrical version is available on Bullets n Babes: R2 UK vs. R1 USA vs. R4

Special thanks to Rewind users Alex_McCaffrey and BiscLimpkit for bringing this info and clearing up the differences.

CUTS:

• R1 Director's Cut America- Universal Pictures - No cuts - includes both the "Director's Cut" (~141min NTSC), the "US Theatrical Cut" (~103min NTSC) and the "Western Cut" (~104min NTSC).
• R1 Unrated Edition America- Universal Pictures - No cuts - includes the "US Theatrical Cut" and the "Western Cut".
• R2 Germany- Constantin Film/Highlight Video - No cuts - Western Cut (99:22 PAL)
• R2 Holland- RCV - No cuts - Western Cut (99:25 PAL).
• R2 Director's Cut Japan- Warner Home Video - No cuts - Hong Kong Director's Cut (140:37 NTSC).
• R2 Scandinavia- Nordisk Film - No cuts - Western Cut (99:24 PAL).
• R2 Spain- Universal Pictures - No cuts - Western Cut (99:25 PAL).
• R2 Turkey- Medyavizyon - No cuts - Western Cut (99:26 PAL)
• R2 United Kingdom- Universal Pictures - No cuts - Western Cut (99:25 PAL).
• R3 Hong Kong- Edko Films - No cuts - "Hong-Kong Theatrical Cut" (~105min NTSC).
• R3 Director's Cut Hong Kong- Edko Films - No cuts - Hong Kong Director's Cut (140:35 NTSC).
• R3 Thailand- Touchstone / CVD - No cuts - Thai Theatrical Cut (110:33 NTSC).
• R4 Australia- Universal Pictures - No cuts - Western Cut (99:25 PAL).
• R6 China- Sony / Excel Media - No cuts - Western cut (99:21 PAL)

Do you own a release not listed? Then please visit our forums and let us know!

Comparison added by BrunnenMatt on 10/04/06
Comparison last updated by James-Masaki_Ryan on 15/09/21

UPDATE LOG:

15/09/21: Added Germany, Japan, Spain, Turkey, ASINs.