Poster of Ip Man 2 (CFP)

Wilson Yip's martial-arts blockbuster Ip Man 2 has taken 100 million yuan ($15 million) in its first week of release at Chinese mainland cinemas, M1905.com reports.

Over 300,000 people watched the film on its opening night on April 27, and ticket sales were close to 9 million yuan ($1.3 million). The distributor said the film also topped the box office over the 3-day May Day holiday.

However, industry observers said that with the releases of Iron Man 2 and How to Train Your Dragon in the Chinese mainland, Ip Man 2's goal of grossing 300 million yuan is far from guaranteed.

(CRIENGLISH.com May 4, 2010)