I think I would say this film is better than the first.
So the story picks up not long after the first with Ip Man living in British occupied Hong Kong where he begins a new school and starts taking pupils. He encounters various other Masters, and through altercations with one's students they form a rivalry which soon turns to respect and understanding. And a boxing event is announced which leads to the clashing of two styles, western boxing and eastern martial arts with Ip Man fighting not for superiority but for respect. And you may notice a....shall we say a specific pattern with this movie. Now granted, film is a langauge that surpasses all barriers, and no idea is truly original. And while the factual events happened decades before, this film combines plot from Rocky 1 through 4! Two fighters form a rivalry, they rematch while hero's wife is preggers, rivals become friends and find mutual respect for one another, one friend dies in a fight and the other must avenge him. They even do a slow-mo run for crying out loud. But does that hinder my enjoyment of the movie? Actually no, you feel this palpable passion to see Ip Man win this fight. And the fights really up the ante this time around, being much more elaborate in the use of objects and even camera placement. There is one scene I especially admire where Ip Man explains to one of his pupils the importance and values of Wing Chun, cementing even more his calm, nonviolent, and all around kind demeanor. Which is why in my opinion, they casted Donnie Yen perfectly, he really is one of the nicest people you will meet like, ever. Plus they throw in a few familiar faces from the first movie, which is always appreciated. It's just a really good movie, a little more or less action depending on your point of view, but worth your time nevertheless. But we got one more, so let's see if the 3rd ends on a high note.