"Power is everything." Jin Kazama learned the family self-defense arts, Kazama-Style Traditional Martial Arts, from his mother at an early age. Even so, he was powerless when a monstrous evil suddenly appeared, destroying everything dear to him, changing his life forever. Angry at himself for being unable to stop it, Jin vowed revenge and sought absolute power to exact it. His quest will lead to the ultimate battle on a global stage — The King of Iron Fist Tournament. 
 
(Source: Netflix)

The story picks up the events of Tekken 2 with Jun Kazama and Kazuya Mishima as the main characters.
The plot is not canon.
 
(Source: Fandom wiki)

After being thrown off a cliff as a child, Kazuya Mishima enters the King of Iron Fist Tournament to extract revenge from his father, multi-billionaire Heihachi Mishima. Meanwhile, WWWC operative Jun Kazama and Hong Kong detective Lei Wulong also enter the tournament to investigate on Heihachi's illegal activities involving cloning and genetic engineering. A handful of other skilled fighters are also in it merely to win the grand prize of $1 billion, not knowing of the true purpose of the tournament and fate that awaits them.
 
(Source: Anime News Network)

High school student Ling Xiaoyu is recruited by Anna Williams of G Corporation to transfer to Kyoto University and gather information on a student named Shin Kamiya. Meanwhile, Jin Kazama, the current head of the Mishima Zaibatsu, sends Alisa Bosconovitch to the university for the same mission. Though they do not know each other's true motives, Xiaoyu and Alisa become close friends. However, their friendship is put to the test when Shin is captured by an unknown assailant.
 
(Source: Anime News Network)

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