In a bowl, mix sliced beef with baking soda, light soy sauce, peanut oil, and cornstarch. Set aside to marinate.
In another bowl, combine chicken broth, oyster sauce, light soy sauce, dark soy sauce, sugar, cornstarch, and sesame oil. Stir well.
Heat one tablespoon of oil in a skillet over medium-high heat. Sear the beef until browned on both sides. Remove and set aside.
Add remaining oil to the skillet. Stir fry the onion, garlic, and ginger for about two minutes until fragrant.
Add asparagus and cook for another minute until it begins to soften.
Stir the sauce again and pour it into the pan. Cook until it thickens slightly.
Return beef to the skillet. Stir to coat everything in the sauce. Serve hot with rice.