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.
|Warnock enjoyed ´poetic justice´ of Kenedy´s penalty woe|
|Holders Eintracht Frankfurt stunned by Ulm in DFB-Pokal|
|West Ham 1 Bournemouth 2: Wilson, Cook condemn Hammers to successive losses|
|Tottenham 3 Fulham 1: Trippier and Kane help Spurs avoid Wembley wobble|
|Leicester City 2 Wolves 0: Lucky Foxes win despite Vardy red card|
|Everton 2 Southampton 1: Richarlison continues fine start|
|Drochtersen/Assel 0 Bayern Munich 1: Lewandowski spares Bayern´s blushes|
|Violent hack, no passes, missed penalty - Kenedy´s Cardiff nightmare|
|Ronaldo handed Juventus debut against Chievo|
|Cheika and Hooper frustrated by second-half slump|
|Hansen issues warning after All Blacks win Wallabies ´prizefight´|
|Stuttgart stay good for Pavard, says Reschke|
|You can´t buy class - United boss Mourinho blasts City documentary|
|Cardiff City 0 Newcastle United 0: Penalty miss rounds off abject day for Kenedy|
|Lopetegui open to rotating Real Madrid goalkeepers|
|´World´s best´ Alisson will be difficult to replace, says Roma boss Di Francesco|
|Dragons and Sharks pounce on Panthers after four get sin-binned|
|AC Milan situation has proved FFP works - UEFA president Ceferin|
|Marseille´s Garcia uninterested in striker despite Balotelli link|
|Goodhue sparkles on debut as All Blacks thump Wallabies|
|I feel like chicken tonight - Saunders game for a laugh after Wilder fowl play|
|Aubameyang-Lacazette partnership possible for Arsenal|
|Pant handed debut as India ring changes at Trent Bridge|
|Pochettino pledges to protect Kane|
|Federer relieved to ´hang tough´ in Cincinnati|
|De Bruyne injury: Can Foden or Diaz replace Man City playmaker?|
|Furyk confident as Team USA takes shape|
|Neymar´s behaviour deserves praise, Tite claims|
|Scherzer, Harper lead Nationals past Marlins|
|Djokovic and Federer join Cilic, Goffin in Cincinnati semis|
|Federer outlasts recovering Wawrinka|
|WATCH: Djokovic wins match, loses car|
|Bolt arrives in Sydney for A-League trial|
|Red-hot Bertens beats Svitolina, Halep marches on|
|Snedeker preserves Wyndham lead|
|Halep hits back to torment Tsurenko|
|Raonic fails to break Djokovic stranglehold|
|Emery seeks more ´demanding´ Ozil|
|CAF Champions League Review: Wydad, Al Ahly & TP Mazembe qualify|
|Stephen Curry wants to finish his career with Warriors|
|Hazard among Europe´s best but can improve, says Sarri|
|Tigers boost top-two hopes, Giants close in on fourth|
|Birmingham City 0 Swansea City 0: Monk´s men held despite dominance|
|Inter taking legal action against Tebas over Modric transfer comments|
|Serie A transfer round-up: Zaza joins Torino, Parma sign Gervinho|
|Roma chief Pallotta makes light of De Laurentiis claim|
|Federer starts double-header by seeing off resilient Mayer|
|Ospina joins Napoli on loan from Arsenal|
|Klavan completes Cagliari switch|
|Djokovic holds out against Dimitrov as Raonic awaits|
|New dates confirmed for postponed Serie A fixtures|
|Halep breezes past Barty to set up Tsurenko clash on same day|
|Olesen unable to capitalise on strong start as Jamieson, Waring go clear|
|Hoffenheim tie Kramaric to four-year deal|
|Mina to miss Southampton clash while Gomes is ´weeks´ away|
|Barcelona coach Valverde dismisses Pogba speculation|
|Valverde not prioritising Champions League over defending Barcelona´s LaLiga title|
|Allegri thanks outgoing Juventus icon Marchisio|
|Pants display from Beef? Johnston forced into change of trousers in Sweden|
|Tour champion Thomas has Welsh velodrome named in his honour|
|Gloucester surprised and disappointed by RFU´s swift Cipriani charge|
|Storm skipper Smith´s back injury not ´too serious´|
|Spurs fixture switch doesn´t appeal to Guardiola|
|Brazil call up Andreas Pereira & Arthur but omit Man City stars|
|Mbappe returns to PSG squad, Kehrer set for debut|
|No Messi in Argentina squad as Simeone wins first call-up|
|England man Roy embarrassed by self-inflicted facial injury|
|Atletico Madrid fined for breaching third-party regulations|
|Cipriani charged by RFU after common assault conviction|
|No contact, no negotiation - Leonardo denies AC Milan deal for Milinkovic-Savic|