First IP MAN 3 Trailer Watch the first IP MAN 3 trailer! The film, directed by Wilson Yip (Ip Man, Ip Man 2), stars Donnie Yen, Lynn Hung, Kwok-Kwan Chan, and Mike Tyson. IP MAN 3 will be released in theaters on January 22. 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.