Group 1 - The core viewpoint of the article highlights that Morgan Stanley is optimistic about the IP industry within the mainland internet and media sector, followed by live streaming, gaming, long films, and movies [1] - Morgan Stanley believes that the mainland IP merchandise market is in the early stages of long-term growth, with a more favorable policy environment for long films and live streaming industries, and that industry valuations are below historical levels [1] - The target prices for iQIYI and Mango Excellent Media have been raised to $2.30 and ¥27.60 respectively, reflecting clearer policy prospects and higher growth visibility [1] Group 2 - iQIYI's pre-market price increased by 1.97% to $2.07, with a closing price of $2.03 on October 17 [1] - The total market capitalization of iQIYI is approximately $1.955 billion, with a total share capital of 963 million shares [1] - The 52-week high for iQIYI is $2.85, while the 52-week low is $1.50, indicating significant price fluctuations [1]