After watching it again and researching a lot, I will say the answer is
It's better to go by release order.
Only chronological error in relaserelease order is Kano's appearance which suggest S01E09 aka "Cyrax & Sektor" take place before first S01E01 Jax, Sonya & Kano - Part 1
because Kano have his eyes intact in S01E09 but he lost one of his human eye in S01E02.