According to VentureBeat, Ubisoft has announced Might & Magic Heroes: Era of Chaos, a new mobile game intended exclusively for the Chinese market. The game will be published by Tencent and developed by Playcrab.
"This is a significant step forward in our mobile strategy, working hand in hand with Chinese developers and publishers to create games based on our existing franchises that are tailored to Chinese players and can tap into the market’s enormous potential.", said Jean-Michel Detoc of Ubisoft.
That's pretty much all the information that is available at this point. We'll be looking for screenshots and details.