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.

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.