Gather and prep all ingredients before you begin — this dish cooks fast.
In a mixing bowl, whisk together chicken broth, oyster sauce, soy sauce, fish sauce, white sugar, and brown sugar until fully combined. Set the sauce aside.
Heat a large skillet or wok over high heat. Add oil and let it get hot. Add the minced chicken and stir-fry until no pink remains, about 2 to 3 minutes.
Add the sliced shallots, minced garlic, and chile peppers. Continue stir-frying over high heat until the juices begin to caramelize on the bottom of the pan, another 2 to 3 minutes.
Add about 1 tablespoon of the prepared sauce to the pan. Stir constantly until it begins to darken and caramelize, about 1 minute.
Pour in the remaining sauce and stir well to deglaze the pan, scraping up any caramelized bits from the bottom. Continue cooking until the sauce reduces and glazes the chicken, about 1 to 2 more minutes. Remove from heat.
Fold in the fresh basil leaves and toss until just wilted, about 20 seconds.
Serve hot over steamed jasmine rice and enjoy immediately.