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.
|Vettel frustrated as mistakes continue to hamper title challenge|
|ECB refutes spot-fixing claims against England players|
|I thought we would do better - Hamilton queries Mercedes strategy|
|Inter 1 AC Milan 0: Icardi settles derby with dramatic late winner|
|Hamilton denied title party as Raikkonen wins in Austin|
|Patriots RB Michel out against Bears with gruesome knee injury|
|Kohli hails Rohit partnership after comprehensive India victory|
|Silva downplays his role after Everton super subs seal victory|
|Injured Bairstow out of final white-ball matches in Sri Lanka|
|Pliskova feeling confident after impressive start in Singapore|
|Big-hitting Imrul rescues Bangladesh in opening ODI|
|Leinster suffer late defeat at Toulouse, Newcastle snatch dramatic victory|
|Chargers pip Titans to dramatic London win|
|Everton 2 Crystal Palace 0: Substitutes Calvert-Lewin and Tosun clip Eagles´ wings|
|Thunderstorms push Andalucia Valderrama Masters into reserve day|
|Edmund masters Monfils to claim maiden singles title|
|Kohli and Rohit fire India to comprehensive ODI win|
|Manchester United didn´t play - David Luiz blasts Mourinho tactics|
|Svitolina out to silence ´haters´ in Singapore|
|Emre Can facing surgery on thyroid problem|
|Tsitsipas claims maiden ATP crown in Stockholm|
|Mariners boss Mulvey knows nothing of Bolt contract offer|
|WATCH: Vinicius Junior scores free-kick - then sees red!|
|Gronkowski ruled out of Bears clash|
|Khachanov enjoys home comforts with comprehensive Kremlin Cup win|
|Isner wants Wimbledon tie-break rule named after him|
|Hummels lauds ´outstanding´ Lewandowski|
|Liverpool´s defensive improvement no accident – Gomez|
|Pliskova overpowers defending champion Wozniacki in Singapore|
|Marquez dislocates shoulder celebrating MotoGP title|
|Henry taking positives from opening Monaco defeat|
|A-League Review: Mariners held as Bolt considers move|
|Dominant Svitolina ends Kvitova hoodoo in Singapore|
|Pereira warns Juventus to expect ´pumped up´ Manchester United|
|D´Antoni backs NBA to ´sort out´ Lakers-Rockets brawl|
|Mixed feelings for champion Marquez after Dovizioso crash|
|Bolt offered contract by Central Coast Mariners|
|Anthony accuses Rondo of spitting after Lakers-Rockets brawl|
|Martial insists he has good relationship with Mourinho|
|Bautista to replace Lorenzo at Phillip Island|
|Emery wanted Lacazette at Paris Saint-Germain|
|Wallabies centre Hodge suffers fractured ankle|
|Koepka claims top ranking with CJ Cup win|
|Dramatic Dovizioso crash gifts Marquez MotoGP title in Japan|
|LeBron´s home debut ends in defeat, Walker makes NBA history|
|Rondo, Ingram and Paul exchange punches in Lakers-Rockets clash|
|Dodgers to face Red Sox in World Series after beating Brewers|
|Valverde doesn´t care about extending Barca contract|
|Qualifying speed a ´positive surprise´ for Ferrari´s Vettel|
|I was in a different headspace – Hamilton revels in Austin pole|
|Barcelona can cope without Messi – Pique|
|Allegri: Juventus abandoned Genoa clash|
|Sale: Hospital visit was because of belly button ring|
|Valverde accepts Barcelona will miss Messi|
|No Messi or Ronaldo in El Clasico for first time since 2007|
|Barcelona have not won a Clasico without Messi since his debut|
|Ramos calls for Real Madrid unity after latest loss piles pressure on Lopetegui|
|Hamilton has title in sights after storming to Austin pole|
|Inter, El Clasico and more - the games Messi will miss with broken arm|
|End of Messi-Ronaldo duel good for LaLiga - Simeone|
|Messi out of Clasico with fractured arm|
|Awesome Ashton marks Sale bow with hat-trick|
|Klopp hopes for positive Henderson prognosis amid Liverpool injury issues|
|Benitez ´convinced´ Newcastle can survive despite seventh defeat|
|Barcelona 4 Sevilla 2: Messi injured but champions go top|
|Kovac relieved by Bayern´s timely victory|
|Strasbourg 2 Monaco 1: Sy howler and Grandsir red card cost Henry in first match|
|Leicester City defender Chilwell signs new six-year contract|
|PSG´s Tuchel hopes Verratti and Di Maria can face Napoli|
|Liverpool star Salah had no fear during scoring drought|