Loots by chinese multinationals
This is the same model most of the new age companies use whether it is Uber or Airbnb where the local arm earns and pays off a big chunk to parent as royalty payments.
Thats how money flows abroad. In many cases most of the money is earned by local entity and like a large chunk is sent abroad as royalty.
This needs to be looked as a systemic issue and if need be all major companies doing this be investigated more