A new report on TradingMarkets.com suggests Blizzard is indeed developing StarCraft Online.
Apparently the game will be operated by Chinese firm NetEase, which is currently looking to break into the overseas market.
Blizzard has yet to confirm the existence of StarCraft Online, and declined to comment on the report when we got through this afternoon.
However, it did unveil StarCraft II in Korea last May, saying the game has been in development since 2003.
NetEase operates Fantasy Westward Journey in China, an internally developed MMORPG. The game had 25 million registered users in April 2005.
CEO Ding Li has said the company has not signed any contracts, but is seeking foreign partners for licensing and co-development deals.