The scene picks up as Wong analyzes the ten rings and struggles to figure out their origin.
It’s a continuation of the end of the movie where Shang-Chi and Katy accompany Wong to what appears to be the magic arts home base known as the New York Sanctum. Shang-Chi’s first post-credits scene actually plays mid-credits. What happens in Shang-Chi’s first post-credits scene and how it might lay the foundation for the next few Marvel movies Shang-Chi upholds that tradition by having its title character meet up with some familiar faces from other films and setting up what appears to be a future villain in the MCU. Historically, Marvel has deployed post-credits scenes as a way to tease upcoming films or possibly introduce new characters.
Like nearly all of its cinematic cousins in Marvel’s back catalog, Shang-Chi also has two post-credits scenes. The film does make a lot of progress in that regard: It tells Shang-Chi’s origin story, shows us his procurement of the legendary weapons known as the ten rings, arranges a meeting between Shang-Chi and the mystic arts master Wong, and possibly extends an invitation for Shang-Chi to join the Avengers. The expectation has long been that Shang-Chi will push the MCU forward, story-wise.
The film is solely a Marvel property (unlike Far From Home, which was a Sony co-production) and it takes place in the MCU’s present ( Black Widow is a prequel whose title character is dead in the present). Now, Shang-Chi has arrived to kick off the next era - no offense to 2019’s Spider-Man: Far From Home or this summer’s long-delayed Black Widow. Endgame capped off a decade of Marvel’s big-screen storytelling, marking the end of several long-running storylines and saying goodbye to some of the MCU’s best-known characters. The highly anticipated movie is considered by fans to be the official start of Marvel’s Phase 4, the slate of films that directly follow 2019’s Avengers: Endgame. To add even more to the mix, the movie also has two new post-credits scenes that seem to figure into the future of the MCU. Shang-Chi and the Legend of the Ten Rings introduced a new hero, a new villain, and an entirely new world within the Marvel Cinematic Universe. Spoilers follow for Marvel’s Shang-Chi and the Legend of the Ten Rings.