Shenzhen will replace Singapore as host of the prestigious WTA Finals from next year until 2028.
The event has been staged in Singapore since 2014 and the top eight female singles players and doubles teams in the world will return to the wealthy city-state at the end of this season.
It was announced by the WTA on Thursday that the event will remain in Asia for another decade, with prize money doubled to $14million.
A new state-of-the-art arena in Shenzhen will be the venue after bids from Manchester, Prague and St Petersburg were unsuccessful.
"It gives me great pleasure to announce that the dynamic city of Shenzhen has been chosen to host the WTA Finals, the WTA's crown jewel season finale, for the next decade," said WTA chief executive and chairman Steve Simon.
"This will easily be the largest and most significant WTA Finals deal in the 45 years since the WTA was founded and promises to take the event to a spectacular new level."
Maria Sharapova welcomed the news as she prepares to face Angelique Kerber in a mouthwatering third round match at the Australian Open.
"I'm looking forward to it [being staged in Shenzhen]. I mean, the championships are being taken to a place that's willing to grow the sport and investing in the sport as much as it is.
"If you look at the numbers, and I think all of you in here, if you were a man or woman, you want to go to a place that's willing to invest in women's tennis. That's where we're headed to. They were the ones that put the money on the line.
"They are willing to grow our sport. They're willing to build a stadium, willing to accept the game and its level and the players. We want to go where the growth will be. I'm looking forward to seeing how it shapes up."
Caroline Wozniacki was crowned champion in the 2017 event.
22 de agosto 2018
|Ceferin nominated for second term as UEFA president|
|Marseille have ´moved on´ from Balotelli deal|
|´Crazy´ Cheika his own toughest critic|
|McClaren defiant amid QPR woes|
|Lendl joins Zverev´s coaching staff|
|England captain Hartley ready for return|
21 de agosto 2018
|Buttler happy to serve up a century as England dig in at Trent Bridge|
|PSV beat BATE in Champions League thriller, Benfica held at home|
|Mkhitaryan backs Emery´s philosophy at Arsenal|
|Championship Review: Leeds go top, QPR problems mount|
|Ronaldo shares snap of ´Juventus family´|
|Aguero is the Premier League´s best foreign import, says Shearer|
|Real Madrid warned they must pay Rodrigo´s €120m release clause|
|England´s Broad fined for Pant rant|
|India on brink of victory after brilliant Bumrah halts Buttler|
|Serena Williams elevated to 17th seed at US Open|
|Kombouare signs new two-year Guingamp contract|
|Scaloni unclear on Messi´s long-term Argentina plans|
|F1 Raceweek: Gasly and Alonso restore focus at Spa|
|Nouri able to communicate, brother reveals|
|Pjanic extends Juventus contract to 2023|
|Odegaard joins Vitesse in latest loan from Real Madrid|
|Luck ´sort of happy´ with sack from Suggs|
|Manchester United´s Sanchez will ´be back soon´|
|Former Giants star Cruz announces retirement|
|RFU set Cipriani disciplinary date despite RPA complaints|
|Spalletti fined €10,000 for ´gravely offensive´ referee comments|
|IndyCar driver Wickens has spinal surgery after Pocono crash|
|Tiger: No doubt this is one of my best years|
|Vice-captain Tiger trying to remain objective in Ryder Cup conversations|
|Ronaldo won´t win Serie A by himself, warns Allan|
|Moeen sends message to England selectors with double century|
|Brunt calls time on Northern Ireland career|
|Tottenham´s Janssen sidelined after foot surgery|
|Liu Xiang breaks women´s 50m backstroke world record at Asian Games|
|Atletico Madrid winger Vitolo suffers knee ligament damage|
|Leverkusen teen Havertz aiming to emulate idol Ozil|
|Beckham to be honoured with UEFA President´s Award|
|CPS drops Hillsborough charges against Bettison|
|Who can take over from Federer, Nadal & Djokovic? Agassi backs Zverev, Kyrgios|
|´Freak incident´ rules Dragons´ Vaughan out for season|
|Kompany: Different Manchester City must not be complacent|
|Toyota withdraw appeal over Alonso´s Silverstone disqualification|
|Manchester City offload defender Denayer to Lyon|
|RPA want RFU to drop Cipriani charge|
|Cheika still the right man for Australia - Polota-Nau|
|Bolt not giving up on Manchester United dream|
|All Blacks must improve ´average´ set-piece, says Smith|
|Raiola hits back at Scholes following Pogba criticism|
|Indians top Red Sox in series opener|
|Struff stuns Cecchinato, Jarry reaches last 16|
|I´ll prove people wrong - Bolt completes first Mariners training session|
|Former champ Kvitova tops Radwanska, Pliskova ousted|
|Sad if it´s Filipe Luis´ last game for Atletico - Oblak|
|White Sox manager Rick Renteria hospitalised before game|
|Carragher: Van Dijk can become Liverpool legend|
|No timetable for Sale return from shoulder injury|
|This is a partnership - Rodgers on contract negotiations with Packers|
|Eagles QB Wentz unsure he´ll be cleared to play opener|
|Balotelli staying at Nice|
|It wasn´t a penalty, says Hodgson as Palace boss fumes at refereeing decisions|
|Salah can play much better - Klopp demands more from Liverpool star|
|Gasly to Red Bull: Vettel, Verstappen and the drivers who took their Toro Rosso chance|
|Klopp in the dark on Karius future amid links to Besiktas|
|Simeone pleased with draw after rigours of Super Cup|
20 de agosto 2018
|Captain Reus saves Dortmund in DFB-Pokal|
|I couldn´t care less - Klopp rejects title challenge talk|
|Ailing Bairstow keen to aid England´s unlikely victory bid at Trent Bridge|
|Redskins secure Peterson signing|
|Manchester City goalkeeper Bravo suffers ruptured Achilles|