Just saw The Monkey King 2. It was awesome. If I have to make a list of the best Asian movies of all time, it would be:
1. The Monkey King 2 (2016)
Trailer
2. Mojin: The Lost Legend (2015)
Trailer
3. Kung Fu Cult Master (1993)
Watch full HD movie on Youtube
My list is highly biased towards fantasy/sci-fi stuff. I do like a lot of action and authentic kung fu (mostly non-wire stunts) movies, btw, but not as much as the former...
Honorable mentions:
Monkey King: Hero is Back (2015)
Clip with song
Monster Hunt (2015)
Trailer
The Assassin (2015)
Trailer
Jet Li's Hero (2002)
Cyborg Girl (2008)
Monkey Magic (2007)
Karas OVA (2005-2007)