Really not sure it'll have too many issues, given that this character and Wukong come from the same mythologies (which Journey to the West itself adapted); and it wouldn't surprise me if, if they keep doing these, that at some point there'll be some overlap as it's essentially a shared Chinese mythological universe (CMU). I'm not sure why, but Chinese/Korean games as a wider whole seem to have a massive problem with plaguarism and feeling like they're full of random things taken/borrowed from other places bolted together, rather than feeling like they've got a cohesive style/setting. Black Myth Wukong was one of the few games that we've got here that actually got a marketing push that clearly seems to have a style of its own it wanted to show and had some cohesion.
What I mean by that is a lot of chinese/korean games essentially feel a bit like Fortnite, loads of stuff bolted together, these Black Myth games seem to have a much more distinct and individual identity.
I suspect the Chinese market (which is huge) will lap this up, and if its got similar or better visual chops and other improvements/learnt lessons compared to Wukong, it'll win over Westerners as well, especially as they've clearly linked the game into a series with Wukong (Black Myth) to essentially give it the linkage Wukong does to stuff like DBZ/JttW.