The two-time Grand Slam winner, hugely popular at the Australian Open where she won the title last year and reached the final in 2011 and 2013, unexpectedly retired in September.
She is a guest of honour at Melbourne Park this year and told the crowd in Rod Laver Arena ahead of Roger Federer's opening match that she was expecting her first child.
"Dennis and I are so excited. Our first child will arrive in the summer," she said to huge cheers and congratulations from Maria Sharapova.
"It's something that I believe she's wanted for a really long time. It's really nice to be able to settle down and focus on her family and her husband and her future child."
In statement, Li said she was overjoyed.
"A mere 12 months ago, I stood on this court clutching the Australian Open trophy tightly in my hands, a huge grin on my face, overwhelmed with joy and a sense of accomplishment that I shared with everyone who had helped me along the road to this incredible achievement," she said.
"Over the years, they have supported me and truly helped my success, so it felt just right to let them in on a little secret I've been holding on to for a few months now.
"This summer, Dennis and I are expecting our first child. We are overjoyed! And it really feels like this baby is going to enter the world already having about 15,000 friends."
Li, who won nine titles in her career, is credited with introducing tennis to the masses in China.
The move meant she was able to choose her own coaches and keep most of her winnings rather than giving them to the government.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
