Golf: Tiger to tee up in Shanghai

World No 1 Tiger Woods will head at least 20 of the world's top 50 players in November's Champions tournament in Shanghai, set to be the richest golf event in Asia.

Up to 100 players will compete for US$5 million ($7.38 million) in prize money at the November 10-13 tournament, co-sanctioned by the Asian Tour, the PGA Tour of Australia and the South African Sunshine Tour.

"This is the richest event in China and the richest event in Asia," Tong Jinqiang, Shanghai manager for sponsors International Management Group, said.

China is hosting a growing number of lucrative international tournaments, including this year's Asian Open and other European Tour events.

Golf is booming in China as the country's middle-class swells. The country has more than 250 courses, and many more are under construction.