A semi-biographical account of Yip Man, the first martial arts master to teach the Chinese martial art of Wing Chun. The film focuses on events surrounding Ip that took place in the city of Foshan between the 1930s to 1940s during the Second Sino-Japanese War. Directed by Wilson Yip, the film stars Donnie Yen in the lead role, and features fight choreography by Sammo Hung.

Having defeated the best fighters of the Imperial Japanese army in occupied Shanghai, Ip Man and his family settle in post-war Hong Kong. Struggling to make a living, Master Ip opens a kung fu school to bring his celebrated art of Wing Chun to the troubled youth of Hong Kong. His growing reputation soon brings challenges from powerful enemies, including pre-eminent Hung Gar master, Hung Quan.

When a band of brutal gangsters led by a crooked property developer make a play to take over the city, Master Ip is forced to take a stand.

Following the death of his wife, Ip Man travels to San Francisco to ease tensions between the local kung fu masters and his star student, Bruce Lee, while searching for a better future for his son.