Paper Dolls 2 纸人贰

Beijing Litchi Culture Media Co., Ltd. · 2020 · $19.99 · Action · deal grade B

• Estimated net residual revenue: $1.0k to $1.6k per month
• Opportunity: $3.4k per month at x2.60 dormancy
• Estimated lifetime owners: 78.5k
• 82%% positive across 2903 reviews · 12.2 reviews/month

Why it's flagged

• Developer silent for 5.6 years
• Studio inactive: no public activity across 2 tracked titles
• Last build shipped 5.7 years ago
• Store page localized in only 2 language(s)
• No Steam discount in 4.0 years (deepest tracked: -0%)

Analyst notes (AI-assisted)

Paper Dolls 2 is a Chinese-developed puzzle-horror action game released in 2020 that has generated $337k lifetime revenue with steady but quiet residual earnings.

This title sits in a curious middle ground: strong retention metrics (82% positive, 12 reviews/month), dormant developer (no posts in 67 months), and healthy residual revenue ($1.3k/mo mid-case) suggest a franchise with committed niche appeal and minimal ongoing support costs. The IP is owned by Beijing Litchi Culture Media, making acquisition unlikely, but a publishing or co-development partnership to greenlight Paper Dolls 3 could unlock franchise momentum at low capital risk, especially if the studio is genuinely inactive rather than between projects. Most realistic play: publishing.

• Risk: Developer has not posted publicly in 67 months; studio status listed as inactive, raising questions about capacity or willingness to develop sequels.
• Risk: Zero sales recorded in the last 12 months despite 74% discount and 12 reviews/month suggests plateau or regional fragmentation; growth runway may be limited.
• Risk: 68 months post-build with no updates; compatibility and engine deprecation risk on newer platforms.

This case as Markdown · Estimates carry ±30-50%% error per title.