VMware HCX
The issue is caused by the Bandwidth Delay Product (BDP) limitation of the SMB protocol when operating over a high-latency extended path. SMB is a synchronous, "chatty" protocol that requires frequent acknowledgments. When SMB packets travel through a WAN (or dedicated Express Route) to the extended network, the higher latency will prevent the TCP window from opening sufficiently to fill the available bandwidth.
This is an expected performance outcome using SMB file transfer. However, other protocol for file transfer such as SFTP will not show such issue. To mitigate this issue, use another file transfer protocol for file transfer or use robocopy command on Windows with "Multi-Thread" option to achieve higher file transfer rate.
An example as: robocopy C:\source \\server\dest /MT:32
Microsoft official KB: