When talking about serial entrepreneurs, people tend to focus on the bright side of the term. We would picture visionaries or leaders who have a better understanding of the industry, time management expertise or other traits that would help to beat the odds in the challenging startup scene.

In most cases being a serial entrepreneur would make things easier when you talk with investors or partners, but for those with a poor track record, it can be a huge hurdle.

Wang Kaixin, the 19-year-old CEO and founder behind ShenqiBuy or MagicBuy in English, has experienced a roller-coaster year in 2016 along with the rise and fall of her startup, which targeted her teenager peers by selling snacks, stationery, backpacks and anime-related toys.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.