This sound is from Fantasy Westward Journey Soundboard

The game is the most popular online game in China as of May 2007 by peak concurrent users. It is one of the highest-grossing video games of all time, having grossed an estimated $6.5 billion in lifetime revenue.
See also: Westward Journey, Yang Yang (actor), Westward Journey Online II, List of most-played video games by player count, NetEase, and Zhengtu.