Name

Papergames

Legal name

芜湖叠纸网络科技有限公司 (Wuhu Papergames Network Technology Co., Ltd.)

Website

https://papegames.cn

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Mobile Gaming

NAICS

Software Publishers (5132)

SIC

Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Mobile Game Publishing & App Game Stores (BPAMAKAB)

Keywords

• Mobile game development
• Otome romance games
• Dress-up simulation games
• Action role-playing games
• Game publishing studio

Headquarters

HQ city

Wuhu

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. In-Game Purchases (Gacha/Character Pulls): Love and Deepspace generates revenue primarily through a gacha-style system where players spend virtual currency to obtain random character cards and limited-time character banners. Players report spending thousands of yuan on virtual romantic experiences, with compensation for controversies often given as 'free character pulls'.
2. Virtual Currency and Items: Players purchase virtual currency to unlock storylines, character interactions, and cosmetic content within Love and Deepspace's sci-fi otome romance simulation.
3. AI Companion Hardware (Planned): Papergames is entering the AI companion robot market to extend virtual characters into physical products, creating a full emotional ecosystem combining virtual IPs with physical hardware.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Papergames (legal entity Wuhu Papergames Network Technology Co., Ltd.) is a privately-held Chinese video game developer and publisher founded in 2013 that designs, develops, and publishes mobile and cross-platform games with a focus on romance simulation (otome), dress-up adventures, and action RPGs. Its catalog includes Love and Deepspace, Shining Nikki, Miracle Nikki, Infinity Nikki, Evol (Love and Producer), and the Chinese-fantasy open-world action title BMQX (Hundred Faces Thousand Phases), distributed globally via app stores and PC platforms.

Product overview

Papergames (叠纸游戏) is a Chinese gaming company operating a portfolio of distinct games and entertainment brands. The core product lineup includes the Nikki dress-up game series (Infinity Nikki, Shining Nikki, Miracle Nikki, Nikki Traveller), romance simulation games (Love and Deepspace, Evol), and action RPG titles (Balladofantara, BMQX). The company also maintains an animation studio (Papergames Animation) for original content production. The products span multiple platforms including mobile, PC, and console, with some games supporting cross-platform gameplay. Love and Deepspace represents the company's entry into the otome romance simulation genre, while the Nikki series maintains the company's heritage in dress-up gameplay.

Differentiator

Problem solved

Functional benefit

Brands

• Infinity Nikki (无限暖暖): Multi-platform open-world dress-up adventure game. Players explore a vast fantasy world with the protagonist Nikki and the cat Da Miao, discovering high自由度 and novel gameplay experiences.
• Ballad of Antara (万物契约)
• Love and Deepspace (恋与深空)
• Beyond the Neon (百味千相)
• Shining Nikki (闪耀暖暖)
• Miracle Nikki (奇迹暖暖)
• Nikki Traveller (闪耀暖暖旅装 / 暖暖与美梦神)
• Evol (恋与制作人)
• Papergames Animation (叠纸动画)

Products and services

• Love and Deepspace (恋与深空) A 3D, sci-fi-themed otome romance mobile game in which players build relationships with male characters in a futuristic setting; targets female players seeking high-fidelity romantic narrative and character interaction on mobile.
• Infinity Nikki (无限暖暖) An open-world dress-up adventure game and the latest installment in the Nikki franchise, combining exploration, puzzle-solving, and fashion mechanics across mobile and PC platforms.
• Shining Nikki (闪耀暖暖) A 3D dress-up mobile game that is the third-generation title in the Nikki franchise, offering high-fidelity fashion simulation and story-driven gameplay.
• Miracle Nikki (奇迹暖暖)

Quantifiable outcome

• 80 million users globally for Love and Deepspace
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature2 records

Partnerships

One partnership is on record.

• TipsWorks StudiocoreStrategic or Co-development PartnerTipsWorks is a subsidiary studio under Papergames that developed Balladof Antara (万物契约), a new large-scale cross-platform action RPG game featuring the mysterious少女卓姆 (Zhomu). The studio operates as Papergames' internal development team.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• miHoYo (HoYoverse): Major Chinese mobile game developer behind Genshin Impact and Honkai series. Closest comparable to Papergames as a Chinese studio with global mobile hits, realistic 3D graphics, and gacha-based monetization reaching multi-hundred-million-user scale.
• NetEase Games: One of China's largest game developers and publishers, with mobile titles across RPG, dress-up, and simulation genres. Direct competitor in Chinese mobile gaming with comparable scale, product breadth, and global distribution reach.
• Yostar: Shanghai-based mobile game publisher specializing in publishing Asian-developed games globally. Comparable in distributing otome and anime-style mobile titles to international markets including Japan, Korea, and Southeast Asia.
• Voltage Inc. Japanese developer and publisher specializing in otome romance mobile games with a deep catalog of female-targeted interactive story apps. Direct genre peer to Love and Deepspace and Evol.
• KLab Inc. Japanese mobile game developer and publisher of anime-style titles including the Love Live! franchise. Comparable in mobile gacha mechanics, female-oriented content, and multi-region publishing footprint across Asia.
• Idea Factory / Compile Heart / Otomate: Japanese game company behind the Otomate brand, which specializes in otome visual novels and romance simulations. Direct genre peer to Love and Deepspace with comparable female-targeted romance content and Asia-centric distribution.

Broad incumbents

• Tencent Games: World's largest game publisher by revenue, operating a broad portfolio across genres and platforms. Overlaps with Papergames in Chinese mobile publishing scale, gacha mechanics, and global game IP investment, though Tencent operates far more broadly than Papergames' female-focused niche.
• Zynga: Major mobile-first game publisher with a portfolio spanning casual, social, and gacha-style titles. Comparable in mobile publishing scale, live operations expertise, and reliance on a few blockbuster titles for the majority of revenue.
• King Digital Entertainment: Mobile game developer (Candy Crush) owned by Activision Blizzard. Comparable as a mobile-first game publisher achieving hundreds of millions in revenue and hundreds of millions of users with a flagship franchise-driven model.

Emerging players

• Playrix: Mobile casual game developer (Homescapes, Gardenscapes) with strong female-skewing player base and gacha-like live operations. Comparable in mobile-first execution, female demographics, and global publishing reach, though focused on casual puzzle rather than otome.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Papergames