Nope. That's not a Kung Fu Panda and Big Buck Bunny mashup.

I found it pretty cool the way the director, Vincent, mixed pixilation and traditional animation. I also think the rithm and composition are great, although the characters lacked a bit of appeal, IMHO. If your Chinese skills are up to date go check their website. If you're only a padawan like me, you can ask Google for a little help.

Got this tip via @sarah_ottoni