It sounds suspiciously like Pokemon.

Chinese company 9You announced a new MMORPG called Monster Forest Online today.

Chinese game company 9You today announced its first in-house developed MMORPG Monster Forest Online. With 3D animation style graphics, Monster Forest contains a wide variety of pets and the game is centered on the development of virtual pets. The game aims to offer simple gameplay and elaborate social functions to increase its appeal to the young and female players. 9You says it plans on launching the game in 2008.

You can read the rest of the story at Redline China, although you'll need a subscription.