After Santa Claus (codename: Red One) is kidnapped, the North Pole's Head of Security must team up with the world's most infamous bounty hunter in a globe-trotting, action-packed mission to save Christmas.

Po is gearing up to become the spiritual leader of his Valley of Peace, but also needs someone to take his place as Dragon Warrior. As such, he will train a new kung fu practitioner for the spot and will encounter a villain called the Chameleon who conjures villains from the past.

Paddington travels to Peru to visit his beloved Aunt Lucy, who now resides at the Home for Retired Bears. With the Brown Family in tow, a thrilling adventure ensues when a mystery plunges them into an unexpected journey through the Amazon rainforest and up to the mountain peaks of Peru.