Step 1: Bring the glutinous rice and water to a simmer over medium high heat. Add the coconut milk, regular milk, and cocoa and simmer for about 15 minutes, stirring constantly, until mixture has thickened slightly (it will still be a little saucy).
Step 2: Stir in the sugar and simmer for another 10-15 minutes until the mixture has thickened even more. If it starts to get dry before the rice is tender, add a bit more water or milk as it cooks.
Step 3: Let stand for several minutes, then ladle into serving bowls. Drizzle some sweetened condensed milk or cream in a swirl pattern over the top.
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