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You can watch Fatal Fury 2: The New Battle (1993) for free on Fawesome.

Terry is fighting abroad when a boy named Tony, who wants to be Terry's student, follows him despite his mother and Terry's wishes. When Terry Bogard is defeated by a foe more powerful than he's ever seen before, Terry falls into depression and turns to the bottle. While his friends go after this new foe, Tony must restore Terry's faith... and once he realizes that only he can defeat this ruthless fiend.

Neon-soaked streets and heavy drinking fuel this melancholic journey through a world of bruising combat. When a legendary fighter loses his spark, a persistent young apprentice must step up to save his mentor from total ruin.