I did US East Coast / Shanghai for one project. We got really good at asynchronous messaging, and that went a long way.

Still didn't fix the 1-workday latency for discussions, though.

A lot of companies have definitely gotten better at asynchronous communications over the past few years. Not perfect for everything but if you can keep the weird hour calls to a dull roar it's probably more manageable than even 10 years ago.