Women’s World Chess Championship Match 2016 between the current World Champion Mariya Muzychuk of Ukraine and her challenger Hou Yifan of China (former World Champion 2010-2012, 2013-2015) is taking place in Lviv, Ukraine, on March 1-18, 2016.
The prize fund for this match is 200,000 Euros and will be split between the players as follows: 60% for the winner and 40% to the loser if the match ends within the 10 regular games. In case the winner is decided by tie-break games, she will receive 55% and loser 45%. Mariya Muzychuk is holding the title after 2015 Women World Championship in Sochi while Hou Yifan had a right to challenge her after she became first in the Grand Prix Series 2013-2014.
Mariya Muzychuk and Hou Yifan played two times against each other in the past. They met first time during Gibraltar tournament in 2012 and the second game has been played during FIDE Women Grand Prix in Monaco 2015. The games between them have been hard-fought but in both of them Hou Yifan defeated her opponent. According to FIDE rating on 1st of February 2016 Hou Yifan (2673) holds the first position among women, while Mariya Muzychuk (2554) shares the fourth place with Alexandra Kosteniuk.