Fallen Angels was released in September 1995, premiering at the
1995 Toronto International Film Festival, where it received considerable critical success and became the focus of the festival for its notable visual style. In the
Chicago Sun-Times, Roger Ebert gave
Fallen Angels three stars out of a possible four. Ebert stated the film appealed to a niche audience including art students, "the kinds of people you see in the Japanese animation section of the video store, with their sleeves cut off so you can see their tattoos", and "those who subscribe to more than three film magazines", but would prove unsuitable for an average moviegoer.
Stephen Holden of
The New York Times said the film relied more on style than substance and wrote: "Although the story takes a tragic turn, the movie feels as weightless as the tinny pop music that keeps its restless midnight ramblers darting around the city like electronic toy figures in a gaming arcade." In the
Village Voice,
J. Hoberman wrote:The acme of neo-new-wavism, the ultimate in MTV alienation, the most visually voluptuous flick of the
fin de siècle, a pyrotechnical wonder about mystery, solitude, and the irrational love of movies that pushes Wong's style to the brink of self-parody. Hoberman and
Amy Taubin both placed
Fallen Angels on their lists for the top 10 films of the decade, and the
Village Voices decade-end critics poll placed
Fallen Angels at No. 10, the highest-ranking of any Wong Kar-wai film. Rotten Tomatoes reported that 95% of critics have given the film a positive review based on 22 reviews, with an average rating of 7.90/10. Critic
Roger Ebert of the
Chicago Sun-Times wrote that he "felt transported back to the 1960s films of Jean-Luc Godard" and praised
Fallen Angels as "a film that was not afraid of its audience."
Edward Guthmann of the
San Francisco Chronicle described Wong as bringing "tremendous vigor and audacity to the effort, asking us to question the most basic rules of storytelling and commercial filmmaking."
Kevin Thomas of the
Los Angeles Times called it "an exhilarating rush of a movie, with all manner of go-for-broke visual bravura that expresses perfectly the free spirits of [Wong's] bold young people." On
Metacritic, the film has a weighted average score of 71 out of 100 based on 13 critic reviews, indicating "generally favorable reviews". Reviews on the site highlighted the film's distinctive visual style and unconventional storytelling.
TV Guide praised its "extraordinary emotional depth," while Lisa Alspector of the
Chicago Reader wrote that Wong "makes these five self-consciously idiosyncratic types—often seen through distorting lenses in cinematographer Christopher Doyle's somber, garish Hong Kong—fully and instantly believable." Kevin Thomas of the
Los Angeles Times called it "an exhilarating rush of a movie, with all manner of go-for-broke visual bravura that expresses perfectly the free spirits of his bold young people." Critics have described the film's structure as intentionally fragmented: the
San Francisco Chronicle called it “an experiment in anti-narrative,” noting that Wong “interweaves [the characters’] stories so casually that his story, for what it's worth, always stays beyond our grasp.” Similarly, Jude D. Russo of
The Harvard Crimson wrote that the film's “two storylines intersect occasionally throughout the film...but remain fundamentally separate through most of the film, reflecting the isolation at the movie's heart.” Author Stephen Teo, in the book
Wong Kar-wai: Auteur of Time, considered
Fallen Angels Wong's most social and political film. Meanwhile,
Peter Brunette stated the nonlinear structure and "anti-realist, hyperstylized" cinematography of
Fallen Angels and its predecessor
Chungking Express pointed towards the future of cinema. Scholars Justin Clemens and Dominic Pettman commented on the social and political undertones of
Fallen Angels: by portraying the characters' loneliness, alienation and indecisiveness, the film represents a metaphor for the political climate of contemporary Hong Kong, the impending end of British rule and transition to Chinese rule in 1997. Film critic
Thorsten Botz-Bornstein highlighted
Fallen Angels as a film that represented Wong's peculiar appeal to both traditional "Eastern" and "Western" audiences—it portrays Hong Kong with "post-colonial modernity" showcased through crammed apartments, public transportation, noodle parlors that were emblematic of modern Asia's consumerism. On the one hand, those elements could not be rightfully called "traditionally Asian"; on the other, Western audience viewed such elements with astounding curiosity. ==Box office==