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Set in 1959, the movie follows Ip Man as he is settling into his low-profile life in Hong Kong. However, when a band of brutal gangsters led by a crooked property developer make a play to take over the city, he is forced to make a stand.
The only real spark in the film is provided by Yen's costar Zhang Jin as Cheung Tin-chi, an upstart devotee of the wing chun school intent on knocking Ip off his hallowed throne atop Hong Kong's martial-arts pantheon.
Less offensively nationalistic than the second installment but falling short of the glowing humanity, genial Cantonese humor and visual flair of the first, the pic is somewhat tarnished by its pedestrian plot and limp characterization.