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The southern Chinese city of Shenzhen will host the WTA Finals from 2019 for a decade with record prize money of US$14 million for the season-ending event -- a move welcomed by players.
The elite tournament, which sees the top eight female players battle it out for the Billie Jean King trophy
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"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," WTA chief Steve Simon said on the sidelines of the Australian Open.
"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."
Simon said in 2016 that the body was searching for a permanent base for the event, with interest reportedly received from Singapore
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The winning bid was submitted by Gemdale Corporation, one of China's largest property developers, and will include building a state-of-the-art venue in the city center
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Prize money will double from the current US$7 million.
"Shenzhen is an exciting, fast-evolving metropolis and staging the WTA Finals there will ensure the WTA's global fan base goes from strength to strength," said WTA President Micky Lawler in explaining the choice.
China already hosts a number of top-level tour tournaments.
'Go where growth is'
The WT.
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