This set of pink ponies are beautiful, chubby little creatures with smiling faces. They come in both unicorn and earth pony varieties and share the Baby Ember-like pose with the previously studied Small Ponies.
Besides the presence (or lack) of a horn, the heads of the unicorn and earth ponies have a few differences in head sculpt. The unicorns have slightly larger heads with snouts that point downwards.
All the ponies have long eyelashes and short manes.
It's interesting to note that one of the ponies seems to be based on the My Little Pony character, Pinkie Pie. In G4, she has a light pink body, dark pink mane, blue eyes, and a blue and yellow balloon cutie mark.
Surely, there are other unlicensed toys depicting My Little Pony characters that don't attempt to knock off any specific generation's toys. This is the first time I've seen one, though. The world of fakies is very mysterious...