Red Arremer defeated M.Bison, and as a result, M.Bison had to do what Red Arremer says. Red Arremer asked M.Bison to help form a team which will consist of the heels(the bad guys) to cooperate. Red Arremer says that he wants a person with evil thought(because Red Arremer himself is a evil devil?) to win the entire thing. Furthermore this can increase M.Bison's chance to win and have his wish.
While Red Arremer, M.Bison, Geese and Demitri worked together to lead the 'evil team'(consist of other characters like Hugo, Sagat, Vega, Balrog etc), the heros, too, decided to join force as well. Meanwhile, there is also the 'neutral side', which is neither evil or good(Akuma, Mr.Karate, Shiki, Mars people, Ken, Iori, Genjuro etc). M.Bison declared war on the 'heros' to fight 10 days later. As you can see, Ryu meet up with Sagat, Choi with Balrog etc.
While Geese and Demitri were discussing plan to overthrow M.Bison, a bat interrupted them by informing Demitri that Genjuro had goes to his castle to kill Orochi Iori.
In issue 10, it was revealed that Demitri had captured and planned to train up Orochi Iori(seeing that he is mindless) in order to use him as a 'henchman' or sort. However, Genjuro ruined his plan by killing off Orochi Iori(and Genjuro had discovered that everytime he killed a person, his power increases). When Demitri goes to confront Genjuro, he was defeated by the powerful Genjuro. However, Genjuro spared his life, apparently he has a plan for Demitri.
Meanwhile, Mai and Kasumi started fighting against Hugo, while Choi defeated Vega, after Vega missed his "red impact" attack(which he originally planning to use it on M.Bison, as he was planning to overthrow Bison as well). However, at this moment, Red Arremer and Balrog appear in front of Choi. Sagat defeated Ryu, and at that moment, Terry Bogard appeared..
It seems that there is going to be a surprise appearance by someone in issue 11. I wont be shock if the person is Dan.