The newly relocated WTA Tour Finals will now be called the Shiseido WTA Finals Shenzhen, after the Japanese beauty company signed on as the title sponsor.
The event has confirmed the total prize money will be $14 million. The singles champion, if undefeated, would take home $4.725 million and the doubles champions, if undefeated, would share $1 million.
Shiseido, founded in Japan in 1872, has 46,000 employees around the world.
The slogan for the tournament will be “Sparks will Fly”, “to represent the energy, passion and excellence ignited by the very best in women’s tennis on the sport’s biggest stage.”