A hot teaser trailer for The Grandmaster, replete with rainy action footage, hit the web, Deadline said.

The Weinstein Co. release acquired from Annapurna Pictures hits theaters August 23 with an abridged title (formerly The Grandmasters).

Tony Leung stars in the Wong Kar-wai action drama as legendary martial artist Ip Man. Zhang Ziyi and Cung Le co-star.