Apple CEO Tim Cook met with Labubu artist Kasing Lung during a trip to China in Oct. 2025, as pictured here on the iPhone company's official Xiaohongshu account.ScreenshotThis report is from this week's CNBC's The China Connection newsletter, which brings you insights and analysis on what's driving the world's second-largest economy. You can subscribe here.The big storyJoint Alibaba event in LAOther U.S. brands, from beauty to nutrition, also want in on the Chinese consumer market. Late last week, 50 repres ...