The Chinese startup is the first and only company to sell an E-ink monitor, and soon they will be the first to sell - well, I'm not sure what it is.
According to a leaked product page, the PaperMovie is a new display that combines a small overhead projector with a 13.3" E-ink monitor. Thanks to that projector, it is reportedly capable of displaying color.
As you may know, E-ink screens are great at black and white but terrible at displaying color because the only way to display color on an E-ink screen is by putting a filter on top of a grayscale screen (there's better tech coming, but it's not available yet). That filter reduces the resolution, and leaves the screen with a gray undertone.
The PaperMovie gets around this shortcoming by using the projector to put the color on E-ink screen.
Or at least that is what is promised in the listing on Taobao; we have yet to see the device in action, or even see an official press release.
At this point the PaperMovie is more of a dream than a product, but if it does ship the most likely ship date is the end of next year.