A still from "Ip Man" features Donnie Yen and model-actress Lynn Xiong. [Photo: sina.com.cn]

The Hong Kong action movie "Ip Man" opened on Friday with a huge 1.4 Million yuan at domestic boxoffice, the Tianjin-based Morning Post quotes the movie's production side as saying.

The film also has won acclaim from audiences and critics over the weekend.

A review published in the Beijing Times said the calm and graceful Ip Man played by Donnie Yen, was even more charming than Li Mubai (Chow Yun-fat) in the award-winning film "Crouching Tiger, Hidden Dragon."

"Ip Man," directed by Hong Kong filmmaker Wilson Yip, retells the life story of Ip Man, the grand master of Wing Chun martial arts, who is known internationally as Bruce Lee's teacher.