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Paper Games

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Gaming company that develops mobile games, primarily focusing on interactive storytelling and dress-up games

Huangpu, ChinaFounded 2013Consumer Services
Valuation $1–2.5B Latest valuation · 2025
Revenue $1–5B Latest reported FY
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Paper Games and the history behind them.

About Paper Games

Papergames is a new Internet culture company that focuses on interactive entertainment, primarily through mobile games. The company's main products include popular titles such as Warm for Clothes, Warm for the World, Miracle Warm, and Love and Producer. These games have gained significant traction and have consistently ranked at the top of major game lists, appealing to a broad range of players. Papergames collaborates with well-known animation production companies like MAPPA to produce animated versions of their games, further expanding their reach and engagement. The company operates in the mobile gaming market, targeting casual and dedicated gamers who seek engaging and immersive experiences. Papergames generates revenue through in-app purchases, advertisements, and partnerships with other entertainment entities. The business model is designed to maximize user engagement and retention, ensuring a steady stream of income.

Source: Dealroom company data

At a glance

Founded
2013
Headquarters
Huangpu, China
Sector
Consumer Services
Power Law
Unicorn$1–10B valuation tierThoroughbred$100M+ revenue

Latest news

Press, funding announcements and product moves mentioning Paper Games.

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Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

  • IDG Capital
  • Orient Securities
  • Songcheng Performances Development

Series B and later2 investors entered at this stage

  • Orient Securities
  • Songcheng Performances Development
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
16 countries with
team presence
🇨🇳 China71.3%
🇺🇸 United States16%
🇸🇬 Singapore2.2%
🇨🇦 Canada2.2%
🇯🇵 Japan1.9%
Top 5 of 16 shown
Web traffic by country
85K monthly visits
across markets
🇨🇳 China91.3%
🇺🇸 United States2.4%
🇻🇳 Vietnam1.8%
🇹🇼 Taiwan1.3%
🇭🇰 Hong Kong1.1%
Top 5 markets shown

Patents

Estimated portfolio value
$10M

71 active patent families included in this estimate.

A patent family groups patent filings for the same invention. Source: Dealroom · PatSnap.

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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Paper Games on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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