Poster of "Ip Man 2" [Photo: CFP]

Wilson Yip's martial-arts blockbuster "Ip Man 2" has taken 100 million yuan (US$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.