Chinese e-commerce sites offer discounts of up to $351 on Apple's latest iPhones

That is roughly $759, including sales Tax and import tax. So Chinese government collects around $100 of tax revenue. Compared to the US $999, before sales tax. Apple is effectively selling it below $659. Assuming JD is making some profits although that may not always be true.

But in any case I have been saying this for so many years I dont know why it hasn't gotten traction. Apple's has been pricing the world's iPhone to subsidise the Chinese market while maintaining their own margin.