Huoli Shaonian Wang is a Chinese multi-media franchise created to sell yoyo toys to children. Huoli Shaonian Wang 3 is the first animated season in the franchise but the 3rd story chronologically. The show focuses on competitive schools that hold yo-yo contests. Each team has their own issues that they solve. Each yoyo has a name that reflects the toy's design. The show makes use of minor special effects in order to portray magic/spirit/chi and the speed of the yoyo. These "magic spells" are "battling" and the person whose "magic" remains, wins. (Source: Wiki)

Huoli Shaonian Wang 3 also got a live-action adaptation, they used the first half of the anime to create the live-action show's story before deviating.