This is the #2 one released. There were at least two others, so I might get images of those if I can find them.
It’s also not one story, it adapts different stories, though it kinda reminds me of these old Sailor Moon board books and anime comic adaptations, but done more poorly.
I’m guessing it was, I mean, I never studied how popular MLP was in China or something…
Edited
Interesting, sounds nearly accurate…
I remember seeing that pony in the screenshot and I think it’s actually supposed to be Fizzy.
That’s what I’m guessing of what it is, considering the colors are odd.
I’ll post more of it tomorrow. Unfortunately I can’t find the other books, I kinda could on PicClick and Ebay, but they’re gone. :(