Blade of Fury (1993) on Netflix

Plot summary

In 1895 China gave Taiwan to Japan, and the Black Flag group fought on to hold the island, without success. Its leader, Wang Wu, went into hiding. Four years later the reformers Tan Szu-tung and Nine Catties travel through northeast China toward Peking, hoping to persuade the Emperor to make sweeping reforms. On the road they are caught between bandits and Imperial guardsmen under the ambitious captain Yuan Shi-kai, and a blacksmith marked with a Black Flag tattoo comes to their aid. That blacksmith is the hidden Wang Wu. Encouraged by them, he begins teaching martial arts in the town, and Yuan Shi-kai gives him a broadsword. Wang Wu helps a noblewoman with her boat and receives a red umbrella, and at Lord Yee's palace he enters a martial arts tournament, beating Po Ting's son and then Po Ting.